At the China-Africa Cooperation (FOCAC) summit in Beijing in 2018, China pledged to develop Africa over the next three years and beyond, covering areas such as industrialization, infrastructure, trade facilitation and green development. Perhaps the most radical amendment introduced by the Cotonou Agreement concerns trade cooperation. Since the first Lomé Convention in 1975, the EU has not granted reciprocal trade preferences to ACP countries. However, under the Cotonou Agreement, this system has been replaced by the Economic Partnership Agreements (EPAs), a new regime that came into force in 2008. The new rules provide for reciprocal trade agreements, which means not only that the EU grants ACP export markets free access to LMZs, but also that ACP countries grant duty-free access to their own markets for EU exports. The bilateral trade agreement between Malawi and Zimbabwe was made possible in 1995.It of duty-free imports on the basis of reciprocity between the two countries, provided the products meet 25% of the minimum national content rules and meet each other`s standards. Trade restrictions that comply with the WTO are allowed. Malawi and Zimbabwe are both members of COMESA and SADC. Liberalisation will allow trade in goods from both countries duty-free, with the exception of products on a list of „sensitive“ products. These include beer, soft drinks from the Coca-Cola and Schweppes brands, tobacco, sugar, vegetable oil, chickens and eggs, office equipment, petroleum products, weapons, ammunition and explosives. The agreement also provides safeguards to protect companies in each country from unfair competition.
„Recently, the Malawi Investment and Trade Centre has participated in the participation of SMEs in international fairs and facilitated them to promote Malaysian products on the international market. From these shows, we have identified potential markets in India, Dubai, Botswana and Zimbabwe and we want to share this information with the private sector,“ said Mr. Chimbalu. Malawi has been a member of the WTO since 1995. Malawi`s economy is open to trade and investment and does not impose restrictions on foreign ownership, the size of investment, the source of financing or the destination of the final product.