Regulatory policy

Policy to improve the quality of local products in preparation

the herald

business journalist
THE government has developed the National Quality Policy, which aims to raise the quality and standards of Zimbabwean products to international standards.

The policy is expected to launch in the first quarter of this year.

“Among other innovative measures in place, such as the use of modern equipment and machinery, Zimbabwean industries are soon set to become quite a formidable force in global export markets; producing world-class goods and products,” said Minister of Industry and Commerce, Dr. Sekai Nzenza.

Dr Nzenza said the government has adopted a three-pronged approach to improve the competitiveness of local products in the domestic and international market through increased production and productivity, quality regulation as well as standardization and creating a favorable business environment.

“The 2nd Republic prioritized reindustrialization and the creation of a new industry in its strategy,” said Dr Nzenza.

“This commitment is evident in the consistent foreign exchange allocations to the industry for retooling, recapitalization and refurbishment.

“The same is strategically evident in the IDE function of the Industrial Development Corporation of Zimbabwe (IDCZ), an institution which is used as a vehicle to support and finance key industries.

“During this strategic year, the ministry will take advantage of the special drawing rights that have been spelled out in the 2022 budget to support the “up the value chain” agenda in the National Development Strategy 1 (NDS1). “

The strategy was also going to be balanced between ensuring the capitalization of the industry through local and international investments, taxation and supporting the regulatory environment, strategy and government policy.

“All these efforts will converge in consolidating the successes that have been achieved in the past, including the increase in exports, which in November 2021 was 20.93% while imports decreased by 4.07%.

Dr Nzenza said the local industry continued its upward trajectory anchored on the gains made over the past two years.

“The ministry is encouraged by the relentless spirit of continued growth; as evidenced by the fact that in the first two weeks of January 2022 we have witnessed the establishment of new businesses and the continued mechanization and commissioning of advanced equipment in existing manufacturing businesses said Dr. Nzenza.

Most of these achievements having been recorded during the Covid-19 pandemic, the government was certain that the diversification and innovative methods adopted by local industries would result in “the leap forward of our economy in accordance with the objectives set out in the Vision”. 2030 and also in line with the strategic direction of the ministry to implement various industrialization strategies and to promote and improve the contribution of the manufacturing sector to GDP.