Latest News Editor's Choice


News / National

Malawi acts on Zimbabwe import ban

by Thobekile Zhou
07 Jul 2016 at 15:08hrs | Views

Malawi government is reportedly reviewing  it's exports policy to Zimbabwe.

This is to assess the impact of the Zimbabwe's recent import ban on the exports.

In June, the Zimbabwean government announced it would be imposing bans and restrictions on imports from surrounding countries and beyond.

The decision came in light of that country's souring trade deficit which has seen its exports twice lower than the imports.

Malawi also happens to be a country that has traded goods such as sugar.

The trade restriction has however met a backlash from the public who have resorted to riots, arguing that some of the restricted products are not available in Zimbabwe.

According to reports from Malawi, minister of industry and trade, Joseph Mwanamvekha, said the ministry is reading through Malawi's exports to Zimbabwe against the list of the restricted goods.

Malawi and Zimbabwe have had a close history for a long time.

They share common values, history and culture.

On Wednesday Zanu PF's Politburo  endorsed the enactment of Statutory Instrument 64 of 2016 by the Ministry of Industry and Commerce, saying the regulations would resuscitate ailing industries by fighting unfair competition from foreign products.

Source - Byo24News