Over 39 companies form china have expressed interest to buy Malawian products. This was discovered during the recently held China International Import expo where Malawi showcased its products and services.
According to MITC’s Public Relations Manager, Deliby Chimbalu, the expo has generated over $140 million export orders of various Malawian products.
‘The mission to China was extremely beneficial for Malawi. We attracted over $140m in export inquiries from over 39 potential buyers who are interested in buying Soya beans, Cassava and groundnuts.’ Explained Chimbalu
Chimbalu further said other Chinese investors have shown interest to set up manufacturing plants in Malawi for various products.
China being the 2nd largest economy in the world has the potential to be one of the most lucrative export markets for Malawian products.
Besides attending the China International Import Expo, MITC also conducted B2B meetings with potential buyers and investors in Shanghai. The B2B meetings offered a chance for Malawi to explore ways of diversifying its exports to China which are currently dominated by the volatile Tobacco industry.
MITC is implementing the Enhanced Integrated Framework Project (EIF) which is supporting Malawi’s efforts of increasing value added export products in regional and international markets.
Similar trade missions have been conducted in Zambia, South Africa and Mozambique.