Zim to participate in China’s investment fair

between September 8 and 11.
The CIFIT, which is set for the Xiamen Province, is touted as the world’s largest event for international investment promotion.
According to Zimtrade, the Zimbabwean delegation to this fair will be drawn from both the public and private sectors across economic sectors including agriculture, mining, manufacturing, tourism, financial and other services.

The Ministry of Industry and Commerce in collaboration with other Government arms is also calling upon economic players to participate at this year’s edition of CIFIT.
The event provides a platform to the business community to search for both market and investment opportunities, identify potential business partners and source new technologies.
CIFIT offers three major activities namely: investment and trade exhibition, an international investment forum, and serial seminars on topical investment issues, and matchmaking symposia on investment projects.

CIFIT offers optimum opportunity for business people across the globe to get a bird’s eye view on the investment climates in China and other countries and ensures one-stop shopping service for multilateral investment co-operation, thereby allowing investors to select from the widest range of investment projects and business people.
Last year, Zimbabwe’s exports to China amounted to US$167 million while imports from China were worth US$228 million reflecting a negative trade balance of US$61 million.

Tobacco and cotton were Zimbabwe’s major exports to China during that period.

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