close
close

Govt collapses at “small” imports to save Forex, empowered local producers – Malawi Nyasa Times

Govt collapses at “small” imports to save Forex, empowered local producers – Malawi Nyasa Times

In a bold movement to protect the exchange reserves in Malawi and to stimulate domestic production, the Ministry of Commerce and Industry has officially banned the import of several products available in the country.

The brochure prohibition, detailed in Addendum 120.10 and signed on March 14, 2025, by the Minister of Trade and Industry, aims to reduce the excessive dependence of the country on imported goods that can be obtained or manufactured.

Immediate efficient, Malawians will no longer be allowed to import corn flour, fruits and vegetables that are cultivated locally, fresh milk, rice, peanut butter, honey, flowers, toothpicks and matches, among others.

Also, on the restricted list are sausages and other processed meat, bottled water, table eggs, plastic utensils, wooden furniture, mopes, Irish potatoes, garlic, ginger, onion and even security boots.

This decisive step was welcome by the economic economic leaders, including the Coalition for Human Rights (HRDC) and the Malawi Economic Justice network (MEJN), who considers it a necessary intervention to rule the productive sectors of Malawi.

“This is a turning point,” said the executive director of Mejn, Bertha Phii. “We use unnecessarily useless goods, leaking forex reserves that could be used for strategic imports and development projects. This policy obliges us to consume what we produce and will lead to local economic growth. “

Respecting this feeling, the HDC President’s gift trap has described the directive as “a crucial impulse for small -scale businesses and local farmers.”

“We applaud the government for this measure in a timely manner,” Trapence said. “This will open the doors for entrepreneurs and SMEs in Malaw, but the challenge is now to make sure that the products meet high quality standards. We need to take advantage of this opportunity to build local industries capable of serving both internal and export markets. “

The Malawi Income Authority (MRA) has received the task of applying the prohibition on all borders and customs control points. Any individual or entity caught trying to import the forbidden articles will face rigid sanctions.

President Dr. Lazarus McCarthy Chakwera has constantly supported policies that aim to encourage self -confidence and build a resistant economy. The movement is clearly aligned with the strategy of agriculture, tourism, mining and manufacturing (ATMM), a foundation stone of the first 10 years implementation plan in Malawi 2063 (MIP-1).

In its center, MIP-1 focuses on the transformation of Malawi into an economy of self-support by agricultural marketing, rapid industrialization and urbanization.

“It is not just about reducing imports,” said an economist close to this problem for Nyasa Times. “It is about the reorientation of the entire economic model for replacing the import and adding the local value.”

With the graduation of the nation with currency deficiencies and an increasing import invoice, this directive is ready to be a game changer in saving foreign reserves while favoring the local enterprise.

Follow and subscribe -va at Nyasa TV:

The sharing is caring!