Functions of of Zim-Trade ( Government promotion of foreign trade)

Function of Zim-Trade ( Government promotion of foreign trade)

• Carries out market research in other countries to ascertain whether or not to export to those countries.
• Examines and investigates, together with potential exporters, the possibilities available to invest in those countries.
• Invites interested companies and finances their delegates to visit and explore investment opportunities in other countries.
• Receives inquiries from importers abroad and passes the information to potential investors.
• Helps companies in Zimbabwe to take part in trade fairs and exhibitions organised by other countries.
• Supplies information to exporters in which exports from developing countries such as Zimbabwe to developed countries such as the United Kingdom receive preferential tariff charges.
• Provides information on overseas countries on:
• credit worthiness of overseas importers.
• Economic conditions overseas.
• Provide means of payment and receipt by:
• use of documentary (letters) of credit
• accepting and discounting bills of exchange.
• Sending and receiving payments through telegraphic money transfers and bank drafts.
• Offering financial assistance through loans.
• Keeping money and documents safely.
• Acting as guarantors.

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