Published: 18 September 2013

Zimbabwe National Chamber of Commerce (ZNCC) vice-president Mr Davison Norupiri has called for the immediate review of duty on imported raw materials.

Speaking at the New Government, new policies, and new expectations business summit held in Harare on Tuesday, Mr Norupiri said that new government should take steps towards liberalising the duty imposed on imported raw materials.

"The new government should work on the review of duty laws on imported raw materials because the duty is affecting production in our companies thereby derailing growth.

"We are willing to engage the responsible authorities to ensure the scraping of the duty on all imported raw materials," he said.

Confederation of Zimbabwe Industries president, Mr Charles Msipa underscored the need for value addition saying it was the most critical step towards the achievement of an economic turnaround.

"The small and medium enterprises have to take the lead especially in the diamond industry.

SME's should be at the heart of the cutting and polishing industry which will increase the value of our diamonds and create jobs," he said.

The one-day summit was hosted by CCL consulting group in conjunction with Econometer global capital with the aim of proving a platform for discussion of policies that should be implemented to ensure economic growth and development. 
- bh24

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