Zambia and the Dmomcratic Republic of Congo (DRC) have signed a Memorandum of Understanding (MoU) for Maize and Mealie-meal trade between the two countries.
Under the MoU, Zambia will next year export 600, 000 Metric Tonnes of maize and Mealie-meal to DRC.
Agriculture Minister MICHAEL KATAMBO says the aim of this MoU is to ensure a well-structured trade regime between DRC and Zambia in maize and other commodities.
Speaking during the signing ceremony in Lusaka, Mr KATAMBO says exports under the MoU will commence in 2020 as Zambia is coming from a bad season and currently does not have sufficient stocks to accommodate exports.
Mr KATAMBO says MoU will create opportunities for Zambia to expand its market for maize and mealie-meal, earn foreign exchange and capture statistics for planning while DRC will be assured of a consistent supply of maize, mealie meal and other identified commodities.
He says the MOU will also address the concerns raised by the DRC at a meeting in Ndola with regards to export restrictions.
And Commerce, Trade and Industry Minister CRISTPHER YALUMA says the MoU will strengthen Trade which already exists between Zambia and the Democratic Republic of Congo.
Meanwhile, the DRC Minister of National Trade and Commerce JEAN LUCIEN BUSSA says there is no reason why the countries should not trade especially that they are neighbours, and are both members of Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA)
And Foreign Affairs Minister JOE MALANJI says the MoU will strengthen the bilateral relations between Zambia and the DRC.