Staff Reporter
Zimbabwe has been invited to participate in the inaugural China-Africa Economic Partnership Agreement (CAEPA) negotiations, set to take place in September 2024 in Beijing, China.
This invitation underscores the success of President Mnangagwa's engagement and re-engagement strategy, which aims to bolster Zimbabwe’s international relationships and economic partnerships.
A source close to the negotiations described the CAEPA talks as a pivotal moment for both African nations and China.
"The CAEPA negotiations represent a pivotal moment for both African nations and China, as they seek to expand trade volumes beyond the impressive estimated USD 295 billion recorded in 2023," she said.
The source also revealed that the summit is expected to unveil various trade agreements across multiple sectors of the economy.
"The summit is anticipated to reveal a range of trade agreements across various economic sectors, further enhancing the economic partnership between China and Zimbabwe. These sectors include agriculture, mining, manufacturing, technology, and infrastructure development," the source added.
Economist Danson Musarurwa praised the invitation, highlighting it as a clear indication of the President’s successful strategy.
"This invitation is testament to the success of President Mnangagwa’s engagement and re-engagement strategy, which aims to bolster Zimbabwe’s international relationships and economic partnerships. A lot of effort has been invested in the engagement and re-engagement drive, not just with critical players in the region but also globally," Musarurwa stated.
Musarurwa added that the potential for significant economic gains through enhanced trade relations with China is immense.
“President Mnangagwa’s strategic vision and commitment to re-engagement have positioned Zimbabwe as a key player in the upcoming CAEPA negotiations, highlighting the country’s potential for economic resurgence and sustainable development,” added Musarurwa.
The invitation to the CAEPA negotiations not only marks a diplomatic milestone but also sets the stage for Zimbabwe to further integrate into the global economy, leveraging new opportunities for growth and collaboration.
