Zambia's Ambassador to Sweden Rose Salukatula after presenting her credentials.
By NDUBI MVULA, Lusaka.
UNDER the ambit of international relations, there is what is known as Economic diplomacy which deals with the nexus between power and wealth in international affairs.
Many a countries the world over have now shifted their attention and interest from political diplomacy to economic diplomacy which happens to be more sustaining the former.
Some think tanks say economic diplomacy not only promotes the State’s prosperity but also, as occasion demands and opportunity permits, manipulates its foreign commercial and financial relations in support of its foreign policy.
Accordingly, economic diplomacy is a major theme of the external relations of virtually all countries.
At home, economic ministries, trade and investment promotion bodies, chambers of commerce, and of course foreign ministries, are all participants in economic work which they undertake diligently.
Current trends include increasing collaboration between state and non-official agencies, and increased importance given to the World Trade Organisation issues, the negotiation of free trade and preferential trade agreements, and accords covering investments, double taxation avoidance, financial services and the like.
In this vain, Zambia is not sitting with arms akimbo as through its missions abroad a lot of interactions are being carried out by all diplomats in all the economic sectors of the country’s economy such as health, tourism, education, agriculture, technology to itemise just a few.
A visit to Sweden, at the Zambian Embassy, reveals that that country has embarked on the preparation of a Strategy Paper on Development Cooperation with Zambia for 2018-2023.
Swedish Ministry of Foreign Affairs Head of African Department Helena Rietz, says the document which will spell out areas of cooperation would be concluded soon.
This came to light when Zambia's Ambassador to Sweden Rose Salukatula called on Ms Rietz in Stockholm, Sweden.
And Ambassador Salukatula is also on a marathon tour to meet stakeholders in order to woo investments to Zambia, following the presentation of her Letters of Credence to His Majesty King Carl XVI Gustav on 9th November, 2017.
According to a media release by First Secretary Political and Administration at the Zambian Embassy in Stockholm, Sweden Patrick Lubundo says following Ambassador Salukatula’s arrival in that country a series of meetings have been lined up all for the purpose of strengthening economic bonds.
He says already, a team of business people from various sectors in Sweden are set to travel to Zambia in April next year 2018.
Mr Lubundo says the Swedish delegation is expected to meet officials from the Industrial Development Corporation (IDC), Zambia Development Agency (ZDA) as well as the Zambia Chamber of Commerce and Industry (ZACCI).
This was disclosed when Swedish-Southern African Chamber of Commerce (SSACC) President Åsa Jarskog and her Vice President Eva Hytenget paid a courtesy call on Ambassador Salukatula at the Zambian Chancery in Stockholm, Sweden.
And Ambassador Salukatula says the move to meet Government officials, the business community and stakeholders such as the Chambers of commerce is in a bid to woo investors to Zambia.
She says her Embassy is interested in investments particularly in the agriculture, energy, fisheries and waste management sectors, as well as value addition as major areas of investment interest for Zambia.
Ambassador also met with officials from Sorokours of Trust Group AB and Industrial Frontiers who all agreed to partner with the Embassy to woo investment in various sectors to Zambia.
“Earlier, she met the Dean of the SADC Group, H.E. Mrs. Frances Victória Rodrigues, Ambassador Extraordinary and Plenipotentiary of the Republic of Mozambique to Sweden, Ambassadors of Botswana, Angola and Namibia before meeting the Dean of the Africa Group, H.E. Mr. André Hombessa, Ambassador Extraordinary and Plenipotentiary of the Republic of the Congo to Sweden,” he says.
During her engagements with her counterparts, the Ambassador called for continued cooperation at Ambassadorial level to enhance the good relations that are enjoyed at State level.
Abroad, embassies, consulates, and trade offices handle economic diplomacy with the main focus being on promotion, to attract foreign business, investments, technology and tourists.
Therefore, economic diplomacy connects closely with political, public and other segments of diplomatic work.
Ends.