Minister of Trade and Industry, Mark Katsonga Phiri, has assured traders and investors of a conducive and protected business environment if they are to invest in Malawi.
Katsonga was speaking in India at the 17th Confederation of Indian Industries and Exim Bank Conclave on the India-Africa growth partnership.
“To promote investment, we call for greater investment promotion while being mindful of challenges that both India and Africa and Malawi, in particular, have faced in line with investor-state dispute resolution.
“Therefore, bilateral investment treaties between India and African countries should be negotiated in a way that does not expose Africa and India to unnecessary risks,” said Katsonga.
The Minister is in Delhi, India where he is representing the Malawi Government at the 17th Confederation of Indian Industries and Exim Bank Conclave on India-Africa growth partnership.
Among others, the conclave seeks to discuss issues relating to the African Continental Free Trade Area, Regional value Chain, and Industrialization, and will also encourage African countries to open up for Indian investors in respective countries including Malawi.
Reported by Robert Kalindiza, MBC Online Services.