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China has agreed to remove all punitive tariffs on Malawian products to improve bilateral trade, Malawi President Lazarus Chakwera stated this during bilateral talks with his Chinese counterpart, Xi Jinping.
China has agreed to remove all punitive tariffs on Malawian products to improve bilateral trade, Malawi President Lazarus Chakwera stated this during bilateral talks with his Chinese counterpart, Xi Jinping. The taxes, which have been stifling businesses and creating trade imbalances between two countries.
Describing his trip to China a successful one, Malawian President said this new development will create a favourable market for Malawi goods in China. The punitive tariffs have been an issue of concern for a long time. They have been affecting Malawian traders wishing to broaden markets for their products in China. This development therefore is a huge opportunity for Malawi. Let’s therefore seize it and explore as many markets as possible in China, the President concluded.
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Malawi and China have had diplomatic relations since 2008. Since then, the Chinese government has been funding several projects cutting across many sectors in the country. Chakwera was among 50 African heads of state attending the China-Africa Cooperation (FOCAC) summit, a forum between China and all African countries.
