The five-year Nation Export Strategy (NES) that closed in 2018, has been called a fail, during its review by stakeholders and involved players in the sector.
During the review Malawi Confederation of Chambers of Commerce and Industry Chief Executive Officer Chancellor Kaferapanjira attributed the fail to a trade deficit of $1.1 billion, as exports in 2018 are $1.1 billion, which was lower than in 2012 when exports were at $1.47 billion.
As a new National Export Strategy has been outlined, it was addressed that there was need to scrutinize specific laws and regulations, government institutions and many more.
The new strategy which will run from 2019-2022 is thought to have been planned, learning from the prior strategy. The new strategy will therefore correct the mistakes from the last strategy, while providing solutions for constraints faced by the last strategy.