By Lesnat Kenan

Lilongwe, June 17, Mana: The Malawi Investment and Trade Center (MITC) Director General, Kruger Phiri has stated the importance of MITC's participation in the 4th China-Africa Economic and Trade Expo (CAETE), saying this is crucial for creating trade and investment opportunities between Malawi and China.

In a statement by Malawi Investment and Trade Center (MITC), Phiri said through CAETE Malawian exporters gained critical insights into advanced processing technologies, empowering them to enhance their position in the global value chain in order to boost competitiveness and profitability.

"We have created a strong demand for Malawian products and we have secured significant orders for 100,000 matric tones (MT) of soya beans, 30,000 MT of groundnuts, 10,000 MT of dried chilles, and an open ended contract for macadamia nuts, reinforcing Malawi's reputation as a high quality agro-producer,” he said.

The statement adds that during the event Malawi's precious minerals and gemstones attracted exceptional interest with sales exceeding expectations and showcasing the country's rich minerals wealth.

He further added that three major deals were signed: the direct sourcing of 30 metric tonnes of amethyst, 1,000 metric tonnes of milky quartz, and an open-ended order for mica.

During the event over five tons of inquiries were recorded for Malawi's handcrafted arts and crafts, highlighting global demand for the country's creativity treasures.

Phiri said several investors visited Malawi's pavilion, expressing keen interest in opportunities across agriculture, mining, and value-added industries, solidifying the country’s position as an emerging investment destination.

The statement further said, beyond CAETE, Malawi's permanent pavilion in Changsha will continue serving as a strategic showcase for the country’s products.

Meanwhile, MITC is developing plans for an accompanying warehouse facility to maintain minimum stock level of premium Malawian goods, ensuring sustained market access and seamless trade facilitation with China partners.

The expo has also strengthened Malawi-China economic relations, paving the way for long-term partnership and industrializations.

MITC therefore expressed gratitude to Malawian exporters, partners, and all those who contributed to this resounding success.

The event was held in Chingsha, China under the theme "China and Africa: Together Toward Modernisation.