LILONGWE, Feb. 19 (Xinhua) -- Malawian economic experts have described China's zero-tariff policy on imports from 53 African countries, including Malawi, as a significant opportunity to help transform the country's economy by expanding its trade access.
In a phone interview with Xinhua on Wednesday, Malawian economic expert Abel Mwenibanda said the "timely and strategic move" could help Malawi conserve scarce foreign exchange as Malawian products gain easier access to the Chinese market.
He noted that small and medium-sized enterprises and other local business operators could now venture into international trade, particularly with China, as export tariffs have long been a barrier to global markets, limiting business growth and their contribution to the national economy.
Mwenibanda urged the Malawian government to support local entrepreneurs by enhancing business skills, improving access to financing, and raising awareness of the zero-tariff policy to ensure Malawians fully understand and utilize the opportunity.
He also called on the government to promote the production of goods that are in high demand in China to maximize the benefits of the initiative.
Velli Nyirongo, a Malawian economist based in Britain, also welcomed the policy, saying it provides broader access to one of the world's largest markets.
The removal of tariffs could significantly increase Malawi's export volumes, with tobacco, tea, sugar, and other agricultural commodities likely to benefit from improved market access, Nyirongo told Xinhua on Wednesday.
He noted that for the zero-tariff access to be fully utilized, exporters must meet strict quality, safety, and regulatory standards.
Malawi should invest in value addition, agro-processing, and industrial development to take full advantage of the opportunity, Nyirongo said.
The zero-tariff policy for imports from 53 African countries with diplomatic relations with China will take effect on May 1, 2026. ■
