The government says the industrial policy is yet to be validated before it is taken to cabinet for approval before the end of the year.
Ministry of Commerce Permanent Secretary, Kayula Siame, explained that the industrial policy will address issues of productive capacity for enterprises to promote the production and consumption of local contents.
She said the policy also looks at value-addition to products that are locally produced and innovation and technology required in production so as to attain the aim of industrialization in Zambia.
Mrs. Siame was speaking during the just-ended Common Market for Eastern and Southern Africa Summit in Madagascar where Member States were encouraged speed up the industrialization agenda.
Zambia previously had a commercial trade and industrial policy that was meant to support industrialization but failed to work because it did not look at all the gaps that were required to accelerate industrialization.
She said the COMESA Council of Ministers’ meeting also looked that industrialization and the Industrial Policy and further looked at how Member countries can develop more ownership of the industrialization process.
She said members states of COMESA have been encouraged to identify each area they have comparative advantage so that they can lead in a certain cluster such as agriculture or mining.
Mrs. Kayula said the Zambian delegation would straight away embark on ensuring that the country realizes its dream of fully industrializing using the policy framework which will be put in place in due course.
Recently, President Lungu hinted during the official opening of Parliament that government would develop an Industrialization policy which would stipulate achievable outcomes in order to stimulate job creation and tackle high levels of poverty and unemployment.