Home Business Quality exports key to unlocking industrial growth
Business

Quality exports key to unlocking industrial growth

Share
Minister for Commerce, Industry and Trade Manqoba Khumalo. (Courtesy pics)
Share

EZULWINI – Minister for Commerce, Industry and Trade Manqoba Khumalo has called for an urgent shift towards value addition and export-driven industrialisation.

The minister stressed that Eswatini must prioritise high-potential sectors and fully utilise global trade agreements to unlock sustainable economic growth.

Khumalo made the remarks during the official opening of the Eswatini Standards Seminar, hosted by the Eswatini Standards Authority (ESWASA) at the Royal Villas Hotel yesterday.

Speaking under the theme ‘Unlocking Export Markets for Local Businesses through Standards and Quality Compliance,’ the minister emphasised that Eswatini’s economic future hinges on its ability to move away from raw exports towards value-added production.

 “The country needs to increase its export potential by prioritising value addition in high-potential sectors like agro-processing, including sugar, fruits and juices, as well as textiles, wood products and beverages,” said Khumalo.

“This is critical to diversifying from raw exports and positioning Eswatini competitively in global markets.”

He noted that while the country has historically relied on exporting primary commodities, the next phase of growth requires transforming these into finished or semi-processed goods that command higher value and create jobs locally.

Khumalo further highlighted the importance of leveraging existing trade agreements to expand market access for local products. He pointed to frameworks such as the African Continental Free Trade Area (AfCFTA), the African Growth and Opportunity Act (AGOA), and the EU-SADC Economic Partnership Agreement, as well as bilateral trade arrangements with Taiwan.

“These agreements offer duty-free access to vast markets across Africa, the United States and Europe. We must take full advantage of them to grow our exports and strengthen the economy,” he said.

The minister singled out AfCFTA as a game-changer, noting that it brings together 55 African countries with a combined population of 1.3 billion people and the potential to significantly boost intra-African trade.

*…

Low uptake of export opportunities

EZULWINI – ESWASA Executive Director Ncamiso Mhlanga raised concern over the low uptake of export opportunities by local businesses, particularly MSMEs.

“While agreements for external markets such as AfCFTA, AGOA and COMESA are in place, we observe a low uptake of these opportunities, especially by local MSMEs,” said Mhlanga.

He attributed this largely to limited adoption of quality standards and a lack of readiness among businesses to meet international requirements.

“Without a strong quality culture and adherence to standards, these opportunities will continue to elude us,” he warned.

Mhlanga said the seminar was designed to raise awareness among local businesses about export opportunities and the quality requirements needed to access them.

He also highlighted ongoing efforts to strengthen the country’s quality infrastructure, including collaboration with regional and international bodies.

Among these is a forthcoming memorandum of understanding between ESWASA and the South African Bureau of Standards (SABS), which is expected to enhance capacity through knowledge sharing and technical support

*Full article available on Pressreader*  

ESWASA Executive Director Ncamiso Mhlanga.
ESWASA Executive Director Ncamiso Mhlanga.
Eswatini Consumers Association Chairman Bongani ‘Bhanyaza’ Mdluli.
Eswatini Consumers Association Chairman Bongani ‘Bhanyaza’ Mdluli.
Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Swazipharm blames ministry delays, commits to compliance

LOBAMBA – After being implicated in the delivery of medical drugs that were later recalled, prominent pharmaceutical supplier Swazipharm has reaffirmed its commitment...

DNA plan could swallow E126m of Home Affairs budget

MBABANE – Making DNA testing compulsory before issuing birth certificates could cost taxpayers about E126 million annually, enough to fund free Grade I...

Maloma Colliery calls for calm as wage talks continue

MBABANE - Maloma Colliery Ltd has offered employees a cumulative nine per cent salary increase over two years, but wage negotiations have reached...

Shembe forgives Zulu King after video fallout

MBABANE – Members of the Nazareth Baptist Church in Eswatini have rallied behind His Holiness Unyazi Lwezulu Shembe after he publicly forgave Zulu...

Family sues EEC over E6m for Mpolonjeni child electrocution

MBABANE - The Eswatini Electricity Company (EEC) is facing lawsuit of more than E6 million following an electrocution incident that allegedly claimed the...

Related Articles

FNB takes SME support directly to regions

MBABANE – FNB Eswatini is expanding its support for the country's small...

FDI inflows plunge to E810m in 2025

MBABANE – Eswatini attracted approximately E810 million (US$45 million) in foreign direct...

EIPA defers 2nd Investment conference

MBABANE – Government has postponed the highly anticipated second edition of the...

Tribunal clarifies insurance tax rules in landmark ruling

MBABANE – The Revenue Appeals Tribunal Eswatini (RATE) has delivered yet another...