British High Commission Charge’ d’Affaires Gary Leslie has said that most exports that go to the United Kingdom, are not in demand, hence Malawi has to diversify its products, to achieve an improved trade balance.
“The products that Malawi produces are not necessarily those which are in demand in the UK” said Leslie, “..so there is need for diversification in the Malawian economy that would make it more attractive to the UK. There is greater need for Malawi to diversify its exports to the UK.”
Malawi is suffering from a worsening trade balance, as various initiatives are being worked out to improve the trade balance. Meanwhile the Ministry of Industry, Trade and Tourism has said while trade balance tilts against the country in absolute terms, it continues to pursue a number of policies and strategies to narrow the trade gap.