Malawi Investment of Trade Centre (Mitc) has urged exporters to apply or renew their annual exporters’ certificate by June 30 to benefit from exporter incentives.
In a published statement, Mitc said the incentives include forgoing duties on imports of capital equipment for manufacturing exports.
Reads the statement in part: “As stated under the Export Incentives Act number six of 1988, all registered exporters in Malawi are entitled to enjoy benefits like no duties on imports of capital equipment used in the manufacture of exports.
“Again, other benefits like technical assistance in such activities as promoting marketing of export products.”
In an interview, trade expert and Applecore Grain and Milling Limited managing director Frederick Changanya applauded the move by Mitc, saying it helps to ease the tracking of exports revenues.
He said: “Since exports are still smaller, the opportunity to export remains huge in absolute terms. We largely export commodities but the opportunity for value added goods remains massive.”