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EN
Malawi ponders future post-Agoa
['Grace Phiri', 'Harry Lemani', 'Silvester Saka', 'Willard Chikwanje']
Nation Online
The Malawi Government says it will capitalise on continental integration while engaging with the United States (US) amid lingering uncertainty surrounding the future of the African Growth and Opportunity Act (Agoa).
He said: “The ministry acknowledges the important role that Agoa has played in shaping trade relations with the US and generation of export proceeds through its duty-free access for a wide range of exports from Malawi.
Meanwhile, Malawi has entered into and is pursuing memoranda of understanding with China to secure access for key commodities such as macadamia, groundnuts and soybeans.
Agoa was last renewed in 2015 and even with the introduction of the bipartisan measure, Agoa’s future is still uncertain due to major changes in US trade policy concerning Africa and other regions.
One of the Agoa beneficiaries is Malawi Stock Exchange-listed Illovo Sugar (Malawi) plc and its board chairperson Jimmy Lipunga hopes that every effort should be made to salvage the Agoa initiative.
['future'
'tariff'
'agoa'
'trade'
'access'
'market'
'export'
'policy'
'exports'
'postagoa'
'malawi'
'ponders']