Firms Threaten ZITF Boycott Over US$ fees

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BULAWAYO - A dispute over exhibition fees is threatening to derail
this year's edition of the Zimbabwe International Trade Fair (ZITF) with
most businesses in the city threatening to boycott the event if the foreign
currency dominated charges are not revised downwards.

The Zimbabwe National Chamber of Commerce (ZNCC) Bulawayo chapter

wrote to the ZITF protesting against a schedule of tariffs released by the

company.

According to the schedule, exhibitors would be expected to part with

between US$80 and US$130 per square metre.

But the ZNCC said the tariffs were beyond the reach of most companies

still battling to find their feet following the introduction of multiple

currencies and the virtual collapse of the Zimbabwe dollar.

In correspondence to the ZITF, ZNCC Bulawayo chamber chairperson,

Sheila Sidambe said if the tariffs were not reviewed significantly,

companies would find it difficult to participate at the trade showcase.

"Most of our members who are regular participants at this top event

annually have indicated they are unable to meet the cost of space rentals,"

reads part of the letter.

"They sincerely believe this year’s charges are without doubt beyond

their means."

She said they realised the ZITF was an international event but the

organisers should recognise that most companies were struggling for survival

as a result of the economic challenges.

"It is our submission that members have recognised that ZITF is an

international event which needs to be handled on those standards and

therefore should be matched with regional and international standards,"

Sidambe said.

"But our position is that our economy for the past 10 years has been

performing below regional standards. Therefore any charges to a local

company based on international or regional standards would be excessive and

unaffordable to local companies."

ZITF general manager, Daniel Chigaru told journalists recently that

the company would first observe the situation before making any decisions on

the tariffs.

"We will be meeting soon with the minister (of industry) to see what

we can do about this issue of tariffs," Chigaru said. "This needs us all to

put heads together so that we can have a fruitful 50th Anniversary of ZITF."

The 50th edition of the ZITF runs from April 28 to May 2 and there is

optimism this year the event would be bigger following renewed interest by

investors after the formation of the inclusive governmen – thezimbabwestandard.com

Post published in: Economy

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