The United States Government has announced its decision to increase Malawi’s Tariff Rate Quota for sugar exports.
According to the US Ambassador to Malawi Virginia Palmer, the US has made the decision in a bid to assist Malawi in increasing its exports.
She adds that the US remains committed to increasing trade between the two countries.
The development means that local sugar producers Illovo Sugar Malawi Limited, is expected to work on increasing production to meet the increased demand.
“Malawi exported $10.7 million worth of sugar to the United States in 2016, an increase of 25% from 2015.
This quota increase for fiscal year 2017 could mean an additional $4 million worth of Malawian sugar exports to the United States.
The United States remains committed to increasing trade between the United States and Malawi,” said Ambassador Palmer.
Currently the country’s sugar export quota stands at 10.5 thousand Metric Ton Raw Value (MTRV) which has been increased with an extra 4 MTRV.
Malawi exports sugar to several countries in the EU, the US and within the African region.
Responding to the development, Illovo Malawi Board Chairperson Gavin Dalgleish expressed pleasure with the news, adding that they are ready to supply to the US.
In the year 2016, the country exported sugar worth $10.7 Million.
Sugar is Malawi’s third largest export to the United States, following tobacco and tea. Other significant exports include coffee, macadamia nuts, and apparel.
Since 2013, sugar exports from Malawi to the United States have more than tripled, accounting for 14% of Malawi’s total exports to the United States.
Malawi exported $75.6 million worth of goods to the United States in 2016, while it imported $46.6 million from the United States.
19 Malawians have been selected to be a part of this year’s Young African Leadership Initiative (YALI) Washington Fellowship.
The 19 which are mainly youth leaders from across the country will represent Malawi at this year’s six-week leadership development program to be held at university campuses in the United States.
According to a statement that Capital FM has seen, US ambassador to Malawi Virginia Palmer disclosed that the cohort will be in the states from this month up to next month.
Palmer adds that the group will hone their skills as they represent a bright future for the country.
The knowledge they gain during their program will be used to develop Malawi.
YALI was launched in 2010 by former US President Barack Obama with the aim of investing in the next generation of Africa leaders by empowering them with knowledge and skills.
33 young Malawian leaders have participated since the program began in 2014.
8 people attended in 2015, with 16 last year, they were among 1000 other’s from across the Africa.
The US embassy in Malawi on November 8 conducted its own poll and Democrat candidate Hillary Clinton won, a huge contrast to the actual poll which Republican, Donald Trump, won.
Malawi’s US$350 million Millennium Challenge Account power project is expected to have strict procedures for achievement following meetings with US MCC delegation.
President Mutharika has opted to explain himself another day on his much criticised visit to the United States of America (USA) following his return to Malawi on September 4.