Malawi Investment and Trade Centre (MITC) has touted the impact of the Enhanced Integrated Framework (EIF) in boosting the country’s export base.
MITC figures show that through the project, at least 10 local firms exported goods valued at $7 million in the 2018/19 financial year.
EIF is a multilateral partnership dedicated to assisting least developed countries use trade as an engine for growth, sustainable development and poverty reduction.
Under the project, MITC is supporting local exporters in capacity building.
In a statement, MITC says in the past financial year alone, it assisted more than eight companies in enhancing export readiness through improvements in product packaging and labeling.
MITC Public Relations Manager, Deliby Chimbalu, said the trade centre is helping companies in certification and linking them to financial institutions.
“We have been working with various local exporters to help them find markets,” Chimbalu said.
She added that through the project, MITC has facilitated market linkages between local producers and international buyers.
In 2014, the government received an EIF funding for the implementation of the Agro-processing Special Economic Zone Roadmap and the promotion of value-added exports.
MITC has been conducting capacity building programmes to equip local exporters with skills in international trade.