GOVT ADOPTS EXPORT-DRIVEN TURN-AROUND STRATEGY

Government has created an economic turn-around strategy that leverages on an export-driven economy. This was revealed by the Minister of Commerce Industry and Trade, Mancoba Khumalo, during the Taiwan-Eswatini Business Forum
held at the Royal Swazi Sun Convention Centre recently. “One of the key pillars of our Turnaround Strategy that Cabinet recently did is the focus on an export-driven economy”, said Khumalo, when commenting on the country’s long
term partnership with the Republic of China (ROC) on Taiwan. He said this partnership was supported by various programmes that had been taking place in different sectors including, but certainly not limited to, agriculture, capacity development in education and training, investment and trade cooperation, amongst others. He said the support that the Government of Eswatini had received to assist the private sector to participate in leading Taiwan expos and investment conferences, including the Africa Taiwan Economic Forum (ATEF), Food Taipei, and the recently-held Taiwan New Year Market Fair, was vital for exposing the country’s private sector and creating opportunities for the formation of viable business networks across the globe. “These economic ties have been reinforced by the
signing of the Economic Corporation Agreement (ECA), which seeks to foster mutual interest on trade and investment between our countries,” he said. Khumalo also encouraged all business people to take advantage of the platform (business forum) to forge business partnerships amongst themselves in order to fulfill the dream of the Government of Taiwan.

Exports to Taiwan to increase beyond E2 million

Ambassador of the Republic of China on Taiwan Jeremy H.S Liang has said Eswatini exports to his country are projected to increase beyond the over E2 million recorded in 2017. Speaking during the Taiwan-Eswatini
Business Forum held at the Royal Swazi Sun Convention Centre recently, the ambassador noted that the popularity of high quality agriculture products would help lift the value of the country’s exports to Taiwan from 180 000 US dollars (E2m) recorded in 2017. “The government agencies of Taiwan are rolling out various trade fairs featuring products from Eswatini,” said the Ambassador, who on to encourage Emaswati to bring in more agriculture products
for export to his country. The ambassador is confident that the fresh approach would contribute towards revitalizing the economy and creating an array of opportunities for investors and the people of Eswatini.
He further stated that his embassy was proud to be playing a leading role in making the business forum a success.

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