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Monday, 07 December 2015

Malawi and Britain Trade Relations to Strengthen

The United Kingdom's Minister of State for Trade and Investment Lord Francis Maude has appreciated the progress Malawi has made in reform initiatives especially those that are focusing on creating conducive investment for the private sector.  Her Majesty's Minister of Trade and Industry was speaking on the sidelines of the Commonwealth Business Forum in Malta when he had an audience with President Peter Mutharika on Wednesday (25 November). Speaking during the meeting, President Mutharika whose government is feeling the pinch of lack of donor support due to the Cashgate scandal hailed UK for appreciating the efforts he is taking to put the economy back on track and that they should consider resuming budgetary support as a way of helping his economic reforms. President Mutharika reiterated the key role advanced economies -such as United Kingdom - can play in helping his government to prioritize trade and investment as steady platforms for increasing Malawi's revenue base. Mutharika noted that his attendance at this year's Commonwealth meeting has opened up a new chapter in strengthening trade relations between Malawi and UK.

Source: All Africa

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