30 Zim Companies Attend Malawi Trade Show | Malawi Nyassa Times
Thirty (30) Zimbabwean companies have confirmed their participation in the Malawi Solo Exhibition trade fair, which is scheduled to take place at Umodzi Park in Malawi’s capital, Lilongwe.
Speaking to reporters in Lilongwe on Friday, Zimtrade Promotion Officer Alex Mtandi said Malawi is certainly one of the strategic potential markets worth considering for business partnerships.
He said that ZimTrade is enabling 30 local businesses to participate for the first time in the Malawi Solo Exhibition, which will be held under the theme “Zimbabwe-Malawi Trade Exhibition: kulimbikitsa ubale pamalonda. “
âAttendees to the solo exhibition will be from companies in the fast-growing consumer goods sector, which include confectionery, canned foods, processed foods and milk-related products. Others are agricultural inputs and tools, household and office furniture, and the building and construction sectors, âhe said.
He added that participating companies will showcase their products and services and engage in B2B meetings held with potential buyers or business partners.
Mtandi said the excitement is so important as it helps diversify Zimbabwe’s exports to the Malawian market.
He said the function will help countries generate new business opportunities and new transactions.
âUltimately, this will increase trade between Zimbabwe and Malawi. There will be an official opening ceremony on June 22, 2021 at Umodzi Park in the morning where we will seek to discuss issues related to bilateral trade. On June 23, 2021, one of the exhibitors will also host an agricultural conference that will address issues related to irrigation development. We therefore invite the Malawian business community and the general population not to miss this first trade show of its kind between Zimbabwe and Malawi: Kulimbikitsa oubale,” he said.
Mtandi said that Malawi and Zimbabwe are both members of the regional economic blocks of COMESA and SADC, which means that local exporters registered under trade agreements and enjoying origin status under one or both blocs can export duty-free and quota-free from Zimbabwe to Malawi.
He said that Zimbabwe and Malawi also share a preferential bilateral trade agreement implemented in 1995, with a 25 percent national value added requirement and that exporters can take advantage of it.
âMalawi is also experiencing stable growth, and ‘now’ is a good time for exporters to engage with the country. The socio-cultural landscape of the country is relatively similar to that of Zimbabwe. Consumer preferences, buying habits and buying trends are also compatible. Zimbabwean exporters are therefore likely to find it easy to adapt to the Malawian market, âhe explained.
Zimbabwe’s imports from Malawi include soybean by-products, unmanufactured tobacco, soybeans, peanuts, maize, fiberboard, manufactured tobacco, and plastic household items.
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