By Kondanani Chilimunthaka
President Lazarus Chakwera who is currently in China has applauded the existing sister relationship in trade between China and Malawi, saying the trade agreements so far signed between the two countries is a testimony to strong trade ties.
Chakwera was speaking on Wednesday, 28th June, 2023 during the audience he had with the Vice President for the People’s Republic of China, Rt. Han Zheng at Jiusuo Hotel in China.
The meeting which came on the sidelines of the 3rd China-Africa Economic and Trade Expo at which President Chakwera will be a special guest, cantered on strengthening diplomatic ties, bolstering trade, and capitalizing on Foreign Direct Investment.
In his remarks, President Chakwera applauded Chinese government for granting Zero-tariff treatment on 98 Percent on taxable products from 10 Least Developed Countries, Malawi being one of them.
“The signing of a Protocol for export of Soybeans from Malawi to China is a good example for comprehensive trade exploration between our two nations.
It is therefore imperative that Chinese government expedites my country’s application for the approval of protocols to export goods such as macadamia nuts and dry chillies to this country (China)” Said President Chakwera
He further highlighted areas like construction of Lambilambi Dam, Lilongwe Water Project, and Lower Fufu Hydro-electric Power Station as other critical areas of development that need assistance from government of China, saying the projects have great economic benefits for Malawi.
Malawi leader has since commended China for her support during Cyclone Freddy and other climate change emergencies in Malawi.
The meeting was also attended by Malawi Government officials including Finance Minister, Sosten Gwengwe, Foreign Affairs Minister, Nancy Tembo, Minister of Agriculture Sam Kawale, Ambassador Allan Chintedza and other representatives of the Chinese government.
