ZITF exhibition. Image credit radiodialogue.com

ZITF exhibition. Image credit radiodialogue.com

ZIMSEC O Level Commerce Notes: Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

Functions of the Zimbabwe International Trade Fair ( ZITF)

  • The fair is advertised extensively both locally and internationally.
  • Facilitates trade between Zimbabwean and Foreign companies.
  • Enables local and foreign manufacturers of goods and providers of services to:
  • exhibit their goods and advertise their services.
  • Sell their products.
  • Widen their markets
  • have personal contact with prospective buyers.
  • Demonstrate how their products are used or give detailed description of their products.

Functions of Export Processing Zones Authority (EPZA)

  • Conducts market research in other countries.
  • Identifies:
  • countries requiring specific products from Zimbabwe.
  • Industries which produce goods mainly for export so as to earn foreign currency and assists in funding them e.g. mining industries.
  • Facilitates trade between Zimbabwean and foreign companies.
  • Exporters of products have the following incentives:
  • enjoy tax concerns.
  • Receive preferential treatment in foreign currency allocations.
  • Import machinery and equipment duty free.
  • Explore investment opportunities in other countries.

To access more topics go to the Commerce Notes page.

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