Q FM Africa's Modern Radio
The Centre for Trade Policy and Development (CTPD) has welcomed the new dawn administration’s commitment towards trade and investment promotion.
CTPD Researcher,trade and development, Tawila Anamela says this is key in fostering economic development and revenue generation.
Mr Anamela says its cardinal to consider the interest of both local and foreign investors by ensuing there is a balanced competitive environment that promotes the growth of the local industries while having the right incentives structures to encourage foreign direct investment.
He adds that going forward; CTPD recommends that new administration addresses the high cost of borrowing which negatively affects domestic spending and results in the inadequate flow of credit to MSMEs.
Mr Anamela adds that CTPD also recommends the enhancing of efforts in supporting value addition, which is key in supporting Zambia’s participation in regional markets such as SADC,COMESA and the AfCFTA.
He has further called for policy consistency in order to ensure investor confidence and attracting foreign investment.