By Kingsley Jassi:
Traders from Malawi and Tanzania have all the reasons to smile as the two countries reached an agreement and signed a memorandum of understanding to allow dutyfree border crossing of 61 products. The Simplified Trade Regime (STR) further relaxes rules of origin and customs procedures, all to ensure cross-border traders have it hustle free plying their trade between the two countries.
The STR covers goods worth, at most, $2000 (about K3.5 million), mostly agricultural produce and agri-based products.
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