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Business Correspondent

THE 7th China International Import Expo (CIIE) commences today until the 10th of November, in Shanghai and is expected to unlock further trade opportunities for Zimbabwe and China.

The country’s participation comes at a time when President Mnangagwa’s Second Republic is focused towards expanding Zimbabwe’s international trade network, especially with China, a growing trade partner.

Hosted by China’s Ministry of Commerce and the Shanghai Municipal People’s Government, the CIIE is the world’s first import-themed national-level expo, aiming to foster trade ties by creating a platform where countries can promote their goods, services, and other business.

The expo will provide the country with a unique chance to expand its footprint within this promising market.

Statistics show that China was Zimbabwe’s third-largest export market last year, constituting around 23 percent of Zimbabwe’s export destinations with a trade value of US$1.7 billion.

National trade development and promotion organization, ZimTrade, supported by the Ministry of Foreign Affairs and International Trade, is facilitating the participation of 11 Zimbabwean companies at the expo.

These businesses were selected based on the market potential of their products in China, spanning key sectors such as arts and crafts, processed foods, and leather products.

For these companies, the CIIE represents an invaluable platform for showcasing their products and building relationships with potential buyers from China and beyond, in a single, high-profile international venue.

The expo also offers companies valuable insights into consumer trends, competitor strategies, and regulatory requirements in the Chinese market, knowledge that will be essential as they formulate export strategies.

The opportunity for Zimbabwean firms to interact directly with potential buyers, distributors, and investors within a highly influential marketplace is invaluable, as it allows them to adapt their products and business strategies in response to market demand.

While Zimbabwe’s exports to China have historically been dominated by minerals and tobacco, recent trends show an appetite for a wider range of Zimbabwean products.

For example, during the recently held FOCAC, the Chinese government committed that from 2025 to 2028 they will implement an EPA with Africa which will see the removal of most duties on our exports. This will provide a leg-up for macadamia growers as they will be able to realise better returns on their exports.

ZimTrade chief executive officer, Mr Allan Majuru, expressed optimism about the future of Zimbabwe-China trade relations, highlighting that Zimbabwe’s export basket to China is growing in variety.

“While mineral and tobacco exports still lead in volume, emerging categories such as citrus and leather products indicate potential for diversification.

“As these new products gain traction in China, Zimbabwe can gradually reduce its reliance on traditional exports, presenting itself as a country capable of supplying diverse and high-quality goods.

“In addition to increasing the visibility of Zimbabwean products, the CIIE will help local companies generate business leads, secure new distribution channels, and expand networks with Chinese and international buyers,” said Mr Majuru.

This evolving trade composition speaks to a greater acceptance of Zimbabwean goods in China and hints at opportunities for Zimbabwe to introduce further categories in high-demand areas such as food processing, leather goods, and processed foods.

Considering these opportunities, CIIE presents an effective platform for Zimbabwean businesses to tap into China’s demand for high-quality artisanal and agricultural products, which aligns well with Zimbabwe’s export offerings.

For example, the arts and crafts sector, holds significant appeal, given the growing appreciation for African art and handmade goods among Chinese consumers.

Zimbabwe’s artistic products, rooted in cultural heritage and exceptional craftsmanship, have room to find a receptive market among affluent Chinese buyers seeking unique, authentic pieces.

Additionally, processed foods have immense potential, particularly as Chinese consumers become increasingly interested in exotic flavors and healthier food options.

Zimbabwe’s organic and sustainably produced foods might appeal to this market, where demand for high-quality, safe, and natural foods continues to rise.