{"id":97221,"date":"2024-08-02T09:36:43","date_gmt":"2024-08-02T07:36:43","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary"},"modified":"2024-08-02T14:12:53","modified_gmt":"2024-08-02T12:12:53","slug":"business-should-guide-govts-in-industrialisation-sadc-secretary","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary","title":{"rendered":"Business should guide govts in industrialisation: Sadc secretary"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>SOUTHERN African Development Community (Sadc) executive secretary Elias Magosi has called on member States to allow industry and businesses to lead and strategise for the region to fully industrialise as one of the four critical steps to achieve industrialisation.<\/p>\n

In April 2015, Sadc adopted the Sadc Industrialisation Strategy and Roadmap to offer member States a plan to become fully industrialised and integrated as a bloc by 2063.<\/p>\n

However, several years later, the region is still facing several bottlenecks preventing the region from achieving some of the steps listed in the SISR such as policy inconsistency and capital deficits.<\/p>\n

Speaking during the 7th Sadc Industrialisation Week on Wednesday this week, Magosi said he considered the four steps \u201ccritical\u201d to pursuing the ultimate realisation of the region\u2019s industrialisation plan.<\/p>\n

\u201cThey are certainly not exhaustive, but they can boost the industrialisation agenda in my view. First, member States should develop policies and regulations that actually and truly drive industrialisation, they must enable industry in the true sense of the word and not just simply talk about it,\u201d he said.<\/p>\n

\u201cSecond, a deliberate focus must be placed on the creation of and support to market access for those businesses and industries pursuing and leading the industrialisation effort. Real and meaningful access to markets is the oxygen that these businesses need to survive and also to achieve scale.\u201d<\/p>\n

He said without it, businesses would suffocate and perish.<\/p>\n

\u201cAs they say \u2018charity begins at home\u2019 in the member States themselves, I believe, in my view, we must, and I must underline this, we must love, buy and consume these products (regionally manufactured products) and accept the reality that quality and productivity should be a welcome hurdle and learning platform at the beginning rather than using the hurdle to condemn and bury such products or businesses,\u201d Magosi said.<\/p>\n

\u201cThird, we should understand the main reason why we are industrialising, Honourable (Foreign Affairs and International Trade minister Frederick) Shava has touched on a number of these. It is one of the main things to understand and make sure that no product leaves the region without value addition.<\/p>\n

\u201cThat way, we not only create the much-needed jobs locally and make real contribution to the GDP [gross domestic product], to the region\u2019s GDP, but also, we are sharing our knowledge, expertise and unique gifts to the rest of the world as well as adding our own marker to the global value chains.\u201d<\/p>\n

The fourth critical step, Magosi said, was that both member States and the secretariat should engage directly with businesses and industry.<\/p>\n

\u201cDo not talk about them as we often do, rather we should talk to them at every forum dedicated to this very subject of industrialisation,\u201d he said.<\/p>\n

\u201cThese businesses and industries, in my view, ought to be at the discussion and the strategising table, guiding us on what they require to exploit value chains, add value and truly substitute imports and create jobs.\u201d<\/p>\n

Meanwhile, Shava has said the Sadc Protocol on Trade, at its inception in 1996, incorporated the view that market integration through the elimination of tariffs, on its own, was not the best approach.<\/p>\n

\u201cIt had to be accompanied by an industrialisation strategy, for the region, which would create an environment that fosters sustained and equitable growth within in the region,\u201d he said.<\/p>\n

He said it was important to always recognise that the private sector was a vital cog in the development of infrastructure and industrialisation processes.<\/p>\n

\u201cFor the past 10 years, the region has been implementing the industrialisation strategy roadmap beginning with the first phase which ran from 2015 to 2020. The second phase which is aligned to the Sadc Vision 2050 is running from 2021 to 2050,\u201d Shava said.<\/p>\n

He said Sadc member States needed to bear in mind that the overarching goal of the African Continental Free Trade Area was to boost intra-African trade and that this should guide the region accordingly.<\/p>\n

\u201cWe, therefore, have to reduce the goods and services that we have traded among ourselves,\u201d Shava said.<\/p>\n

The 7th Sadc Industrialisation Week is being held under the theme Promoting Innovation to unlock Opportunities for Sustainable Economic Growth and Development towards an Industrialised Sadc.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. SOUTHERN African Development Community (Sadc) executive secretary Elias Magosi has called on member States to allow industry and businesses to lead and strategise for the region to fully industrialise as one of the four critical steps to achieve industrialisation. In April 2015, Sadc adopted the Sadc Industrialisation Strategy and Roadmap to offer […]<\/p>\n","protected":false},"author":84,"featured_media":97220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":{"0":"post-97221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-zimbabwe"},"yoast_head":"\nBusiness should guide govts in industrialisation: Sadc secretary - zimbabwe<\/title>\n<meta name=\"description\" content=\"SOUTHERN African Development Community (Sadc) executive secretary Elias Magosi has called on member States to allow indu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business should guide govts in industrialisation: Sadc secretary\" \/>\n<meta property=\"og:description\" content=\"SOUTHERN African Development Community (Sadc) executive secretary Elias Magosi has called on member States to allow indu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-02T07:36:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-02T12:12:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/08\/sm_1722579357.009018.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/business-should-guide-govts-in-industrialisation-sadc-secretary\",\"name\":\"Business should guide govts in industrialisation: Sadc secretary - 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