• Short Summary

    The Zambia Trade Fair, which end sin Ndola on Wednesday (9 July), is billed as the biggest show of the year. ???

  • Description

    1.
    GV Zambian Trade Fair Archway
    0.06

    2.
    SV Crowd outside entrance
    0.10

    3.
    SV and MV British Leyland exhibit (2 shots)
    0.19

    4.
    SV & MV Transocean stand showing pumps and generating equipment
    0.29

    5.
    MV Tractor and plough transporter
    0.32

    6.
    MV EXT. Zambia Sugar Company Pa??? exhibit
    0.37

    7.
    CU & MV Zambia Electricity Co. exhibit
    0.46

    8.
    MV EXT Sambro exhibit (textile company)
    0.54

    9.
    CU Woolen shirt
    0.56

    10.
    MV Fashion parade and dance
    1.04

    11.
    MV Spectators look on as fashion display features men with wheelbarrows
    1.14

    12.
    MV & CU Asbestos exhibit
    1.23

    13.
    MV PAN people queuing up to board Japanese railway carriages
    1.36

    14.
    CU EXT.
    1.39

    15.
    CU Fabric and cycle exhibit (3 shots)
    1.47

    16.
    SV & CU Malawi Pavilion
    1.52

    17.
    MV EXT Botawana pavilion
    1.55

    18.
    CU Kenyan pavilion
    1.58

    19.
    CU Kenyan exhibits (2 shots)
    2.05



    Initials OS



    Script is copyright Reuters Limited. All rights reserved

    Background: The Zambia Trade Fair, which end sin Ndola on Wednesday (9 July), is billed as the biggest show of the year. ??? the hoopla, horse shows and stock car races is a serious effort by the Zambian Government to reorganize its economy.

    Zambia depends heavily on its rich copper deposits. As recently as 173, Zambia earned 98 percent of its foreign exchange through copper exports. A third of the government's direct revenue comes from the copper industry, closer to half if one considers the indirect revenue from such things as miners' income taxes.

    But copper prices have fallen by nearly two thirds in the past year, exposing the fragile balance of the Zambian economy to severe strain. Much of the difficulty lies with events outside Z??? control such as the inflated prices on heavy machinery needed ??? mining and agriculture, both of which Zambia is forced to ???.

    Zambia's decision to line up firmly with the black African opposition to Rhodesia and South Africa has aggravates the situation. In January, 1973, Zambia closed its southern border with Rhodesia. The majority of its exports had passed through Rhoae??? until then. The sudden closure left Zambia hard pressed for new ???. It new ??? rail routes through Angola mainly, but disruptions associated with ???warfare between rival Angolan liberation movements have disrupted the rail lines and left ??? of Zambian products ??? in parts.

    Inside Zambia the failure of the country of ??? exploit its agricultural potential has forced it to turn increasingly to the outside world for foodstuffs. Zambia - which before its independence 11 years ago was agriculturally wealthy - now produces only half its food. The country was an exporter of such foods as beef, maize, and wheat before agricultural production fell of to its present level.

    The Minister of Finance, Alexander Chickwanda, sees agriculture as more than a potential source of foreign exchange, but as the foundation for the rise of other industries such as canning and processing. Already the country has a fledgling textile industry ??? recent years its production of cotton has fallen off and it has ???turn to neighbouring Tanzania to purchase much of its cotton?? ??? the price of home produced cotton. That also mean that it is subsidising jobs for workers in the cotton industry in Tanzania rather than supporting a growing workforce in it own industry.

    Shifts in labour patterns also have aggravated the economic problems. Wages in the urban areas have aggravated the economic problems. Wages in the urban areas have out-stripped those in rural areas. As a result, large numbers of Zambians have fled the farm and sought work in the cities. That has created problems of unemployment in the cities and at the same time drained off potential workers from the agricultural sector which is so badly in need of development.

    The Government is now trying to encourage unemployed urban workers to return to the rural areas and cultivates the land thus bolstering the country's food supply and its potential foreign exchange earnings.

    Several of Zambia's close neighbours, including Botswana, Kenya and Tanzania, have neutered exhibits in the trade fair, suggesting their interest in developing ties and furthering their joint economic interests. Zambia has been working with both Botswana and Tanzania to increase communications facilities as it looks to replace its former southern rail links with efficient alternatives.

    The Zambian government under President Kenneth Kaunda, who has led Zambia since it achieved it independence in 1964, has moved to offset the dramatic fall in its foreign reserves by tightening up its exports. Well paid expatriate employers and well-to-do Zambians alike will have to adjust to a shortage of luxury items such as foreign cars scotch whisky, French brandy and cameras as well as a wide range of canned products considered non-essentials. Moves such as this, added to Zambia's record for maintaining its international commitments, have kept investment confidence high and Zambia is having no difficulty arranging for intentional loans to help it work its way out of its present difficulties.

    On 30 June, President Kaunda announced a broad attack on the country's economic ills in which the state took over all unused farm land; freehold titles to land were abolished; real estate agents forced to close down, and theatres and the tobacco industry brought under government control.

  • Tags

  • Data

    Film ID:
    VLVA951INRBK9RQOP60R2QJ4VZ7R8
    Media URN:
    VLVA951INRBK9RQOP60R2QJ4VZ7R8
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    08/07/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:05:00
    Time in/Out:
    /
    Canister:
    N/A

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