Tanzania-Malawi Trade & Investment Forum a success

The Malawi Delegation pose to a Group Photograph with the Tanzanian Vice President
The Malawi Delegation pose to a Group Photograph with the Tanzanian Vice President
Malawi Industry, Trade and Tourism Minister Henry Mussa described the recent Tanzania Malawi Trade and Investment Forum as a success. Briefing members of the press in Lilongwe, Mussa said the forum provided a platform to discuss broad and sector-focused policy and administrative issues relating to trade and investment between the two countries.

“The Tanzania-Malawi trade and investment forum was a landmark event that provided a platform to explore ways of enhancing relations on trade and investment between Malawi and Tanzania. As we stand, now, the trade is in favor of Tanzania with a trade deficit of about US$21 million in 2015 and 2o16.

“But we have managed to seal deals and agreements with our counterpart Tanzania including to expedite on the establishment of the One Stop Boarder Post at Songwe/Kasumulu boarder. This will be necessitated by World Bank-ADB funds approval to carry out feasibility studies which will follow construction of the site,’’ explained Mussa.

Dean Lungu, one of the country’s private sector representatives to the forum, said the meeting was successful after learning business ventures from Tanzanians. Lungu emphasized the need for the country to work on extractive industry’s laws which will facilitate exploration among locals the way Tanzanians are enjoying the sector.

The Malawi Investment and Trade Centre (MITC) facilitated participation of Malawi’s private sector companies to the forum under the EIF project.
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