Figures from World Trade Organisation (WTO) show that, over the past 8 years, Malawi’s agricultural exports on the global market have over the eight-year period declined by 4.8%, published show.

The figures follow a meeting last week, when business captains and trade experts met in Lilongwe to bang heads on how best Malawi could craft an effective export strategy which could help the country to realise her economic transformation aspirations, following the National Export Strategy (Nes).

The stakeholders reflected on the passed Nes and learnt that its failure was no surprise. During the meeting, Principal Secretary in the Ministry of Industry, Trade and Tourism, Ken Ndala, said attributed the failure to low level of investment in productive sectors both in terms of FDI and local investment in manufacturing projects with high value addition, among others.

As a new National Export Strategy has been outlined, it was addressed that there was a need to scrutinize specific laws and regulations, government institutions and many more.

On the other hand, the figures show that in the last 8 years under review, imports increased by 2.2%. 

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