Malawi, Mozambique to sign bilateral trade accord
Angola Press
Malawi, Mozambique to sign bilateral trade accord
28 December 2005
Maputo, Mozambique, 12/28 - Mozambique and Malawi are to liberalise trade between the two countries, under a preferential trade agreement to be signed on Wednesday, trade and industry ministry officials said here Tuesday.
The agreement would essentially update of an accord the Portuguese colonial authorities had signed with Malawi before Mozambican independence, the officials told the state-run news agency, AIM.
The liberalisation will allow trade in goods originating from the two countries free of all customs duties - with the exception of goods on a list of "sensitive" products.
These include beer, soft drinks of the Coca-Cola and Schweppes brand marks, tobacco, sugar, vegetable oil, chickens and eggs, office equipment, petroleum products, weapons, ammunition and explosives.
The agreement also envisages safeguards to protect businesses of each country from any unfair competition.
