Zambia Concerned Over Trade Balance with USA

Exports from Zambia to the United States of America still remain relatively small at only US$47.3 million annually compared to imports of US$129 million of U.S. products recorded last year, says a government official.

Deputy Minister of Commerce, Trade, and Industry Keith Mukata says the country should move away from being a mere producer and supplier of raw materials to producer of value-added products to ensure an improved trade balance between the two countries.

“I note with concern that trade figures between the two countries are quite low. These clearly are not desirable figures that a developing country would want to have with a big economy such as the USA,” he said.

Mukata said this in Lusaka yesterday at the civil society workshop on African Growth Opportunity Act (AGOA) organised by Consumer Unity Trust Society (CUTS) and aimed at reflecting an achievements made under the U.S. trade treaty.

He said despite the country being a member of AGOA-eligible countries, Zambia has not fully taken advantage of the trade treaty.

This news can also be viewed at: