Malawi is set to benefit from high-impact initiatives that seek to transform the productive capacities of the country to match with demand on global markets.
Minister of Trade, Simplex Chithyola Banda, made the remarks on the sidelines of the 78th United Nations General Assembly in City in the United States of America.
Chithyola-Banda represented President Dr Lazarus Chakwera at the United Nations Conference on Trade and Development ( UNCTAD). The discussion sought to unravel factors hindering countries from using trade as one of the tools for their socio-economic development.
“Malawi aspires to transform into a self-reliant, industrialised upper middle-income country come 2063. Our focus is on agriculture commercialization and industrialization.
We believe that we can achieve this with the support that we get from institutions like UNCTAD and other collaborating partners,” said Chithyola-Banda.
The meeting was held under the theme: “Transforming4Trade: A paradigm shift to boost economic development.”