Sunday, May 26, 2024

Malawi leader in China for serious business; hold bilateral talks with Vice President Zheng

Malawi Pres. with China Veep

President Lazarus Chakwera, the leader of Malawi, is currently in China to participate in the 3rd China-Africa Economic and Trade Expo. Upon his arrival, the President wasted no time, diving headfirst into important matters. He engaged in bilateral discussions with Han Zheng, the Vice President of the People’s Republic of China, on the sidelines of the Expo taking place in Changsha, Hunan Province. These talks, which took place at Jiusuo Hotel, aimed to strengthen diplomatic relations, enhance trade, and explore opportunities for foreign direct investment.

President Chakwera emphasized specific areas that require financial assistance from the Chinese government. These areas include export credit financing through SINOSURE, CEXIM, and MAIIC, as well as the construction of the Lambilambi Dam, the Lilongwe Water Programme, and the Lower Fufu Hydro-electric Power Plant. He underscored the substantial economic benefits and improved connectivity that these projects would bring, ultimately facilitating Malawi’s integration into the African and global markets.

Recognizing the existing trade ties between Malawi and China, President Chakwera commended China for granting zero-tariff treatment on 98% of taxable products from 10 Least Developed Countries, including Malawi. Additionally, he highlighted the signing of a Protocol on Phyto-sanitary Requirements for exporting soybeans from Malawi to China as an example of the untapped potential for further comprehensive trade exploration between the two nations. The President urged the Chinese government to expedite Malawi’s application for protocol approval, specifically for the export of macadamia nuts and dry chilies to China.

President Chakwera expressed gratitude for China’s support during climate change emergencies, particularly their generous donation of 1 million Yuan for Cyclone Freddy relief efforts. Various officials, including Honorable Sosten Gwengwe, Minister of Finance; Honorable Nancy Tembo, Minister of Foreign Affairs; Honorable Sam Kawale, Minister of Agriculture; Ambassador Allan Chintedza; and representatives from the Chinese government, were present at the meeting.


Editor In-Chief
the authorEditor In-Chief