FINANCE Minister Patrick Chinamasa says the government will soon come up with measures to address the flooding of cheap imports after expressing concern that Zimbabwe had become a warehouse for goods produced in other economies.
"We are now a warehouse for everything that is being produced abroad - from sweet potatoes, tomatoes to okra," he said.
The next few months, he said, should see a marked reversal of the trend while urging industry to come up with re-tooling proposals.
Chinamasa will announce the 2013 budget in November, and could use that to raise duty on products which are also produced in Zimbabwe, particularly agricultural produce.
He commended the Zimbabwe Revenue Authority (ZIMRA) for being the financial bedrock for the government over the past decade as the country battled sanctions imposed by the West.
"For many years now, we have had to rely on mobilisation of domestic resources for survival, given the situation that we find ourselves in where sanctions were imposed on us which hurt our economy especially from the year 2000," he said, speaking at a ZIMRA Tax Payer Appreciation Day on Monday.
"Tax collection has been a very important cog in our survival during the past 13 or so years. What we collected was prudently and frugally used for the provision of social services and amenities," he added.
With the tax base significantly reduced due to under performance of the economy, it was also critical that stakeholders came up with strategies to widen the revenue sources, Chinamasa added.
ZIMRA Commissioner General Gershem Pasi said the authority would strive to meet its revenue target for 2013.
He urged corporates and individuals to pay their taxes voluntarily to help in the development of the economy, adding that since its formation, ZIMRA only missed its revenue targets for two years in 2001 and 2009.
"Paying taxes dignifies and builds our country," he said.