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Industry challenged on competitiveness

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The African Continental Free Trade Area (AfCFTA) secretariat has urged the local private sector to be vigilant and ensure quality of products to compete favourably on the continental market.

AfCFTA Secretary General Wankele Mene was in the country and, on Tuesday, paid a courtesy call on President Lazarus Chakwera before engaging industry players in Lilongwe.

Key on agenda items included best approaches for Malawi to leverage the multiple opportunities under the AfCFTA.

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“I wanted them to understand Malawi’s AfCFTA implementation strategy and how the private sector, particularly SMEs, can take advantage of continental value chains.

“Mainly, they (private sector players) have to prepare themselves to produce competitive products that would stand competition from other players from within the continent,” Mene said.

Minister of Trade Minister Sosten Gwengwe said Malawi was committed to the causes.

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“We are also preparing for administration of the rules of origin and the creation of the AfCFTA Column in our national tariff book. The private sector has also been prepared through development of guidelines for exporting to AfCFTA,” Gwengwe said.

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