BLANTYRE-(MaraviPost)-President Lazarus Chakwera announced a significant development on Saturday upon his return from Beijing.
At a welcoming event held at Chileka International Airport in Blantyre, Chakwera revealed that China has agreed to remove all punitive tariffs imposed on Malawian products.
The announcement comes after President Chakwera’s participation in this year’s Forum on China-Africa Cooperation (FOCAC), where he engaged in high-level discussions aimed at enhancing trade relations between Malawi and China.
This pivotal move is expected to open new avenues for Malawian goods in the Chinese market, potentially boosting the country’s exports and fostering economic growth.
In his remarks, President Chakwera expressed his gratitude for the positive outcome of his diplomatic efforts and highlighted the importance of this decision for Malawi’s economic development.
The removal of these tariffs is anticipated to provide a significant boost to Malawian businesses by improving their competitiveness and access to the expansive Chinese market.
The President’s announcement was met with enthusiasm as it promises to alleviate some of the trade barriers that have previously hindered Malawian exports.
With this development, Malawi is poised to strengthen its economic ties with China and explore new opportunities for growth and trade.
