The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called on the government to extend its reforms to the benefit of the private sector in order to enhance productivity.
The call was made, yesterday, during the opening of the 29th Malawi International Trade Fair in Blantyre.
MCCCI president, Karl Chokhotho, said the government’s behaviour and actions are very critical to a country that is struggling to grow like Malawi and hence the government must play a proactive role without allowing ‘rents’.
“Reforms that the government is undertaking in areas of policies, legislation and strategies must extend to areas that will directly benefit the private sector. The private sector will always be there to provide its input. However, economic governance is key in order to have policies, legislation and strategies translated into tangible results.
“We, therefore, appeal to the government through you, Your Excellency, to be accountable to us as one of the stakeholders,” he said.
Chokhotho said the only predictable source of the government revenue comes from the private sector in the form of taxes.
“As a matter of fact, the private sector is the majority shareholder in the government’s purse and as such, it must have its voice heard and respected to ensure there is value for its money,” Chokhotho said.
In terms of benefits to the trade fairs, Chokhotho said most times, export orders realised at the international trade fair are not fulfilled in full because of low volumes.
“Without efforts to enhance productivity, market access advantages that we have to the regional and international markets do not mean anything as we will have nothing to sell. It is, therefore, important to improve productivity,” he said.
Minister of Industry, Trade and Tourism, Joseph Mwanamvekha, said Malawi has enormous potential which can only be realised if local enterprises are competitive by being productive.
He urged all players in the economy to be innovative in how they use factors of production.
“In our efforts to improve productivity of the economy, the ministry has carried out a number of interventions and reforms to ensure that the economy and companies are productive,” Mwanamvekha said.
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