Advertisement
Business

Malawi lags on World Trade Organisation trade pact

Advertisement

Malawi has come out clearly that she is in the process of ratifying the World Trade Organisation (WTO) agreement on trade facilitation, having faced trade challenges with bilateral and multilateral trading partners.

Government has since roped in the services of its Tanzanian counterparts in a training session for Capital Hill to have the knowledge and technical expertise in how to handle the agreement once it comes into fruition.

Director of Trade in the Ministry of Trade, Industry and Tourism, Christina Zakeyu Chatima, disclosed this Friday in Thyolo during a media sensitisation workshop courtesy of Enhanced Integrated Framework (EIF).

Advertisement

She said Malawi is a member of the WTO hence the decision to start the process of ensuring that they ratify the agreement, which will benefit all circles of business in areas of trade deals.

“Currently, government has set up a committee that will work on how to develop policies regarding the agreement. This is an important agreement for Malawi since we are party to WTO,” she said.

Chatima said the trade committee on the matter comprises those from non-governmental organisations (NGOs), private and public sectors so that it conforms to all needs of the country.

Advertisement

“We urge the media to support such trade or business initiatives that are for the common good of Malawians. This is why we lobby the media to support us in sensitising masses the significance of the agreement once signed,” she said.

The trade facilitation is also expected to help Malawi and other landlocked countries such as Zambia, Uganda and Burundi deal with challenges experienced in their business endeavours.

“Many donors have come in to support our wish to ratify the agreement. The public should also be aware that potential investors can also get information about Malawi and its trade opportunities on our trade portal,” Chatima said.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker