Malawi is still failing to capitalise on the trade pact with the United States of America under the African Growth and Opportunity Act (Agoa) treaty.<\/p>\n
Agoa is a trade Act enacted in May 2000 and covered an eight year period up to 2008 but has since been renewed to 2025.<\/p>\n
The Act significantly enhances market access to the US for qualifying sub Saharan African countries.<\/p>\n
But according to latest statistics sourced from the US embassy, imports for consumption under Agoa to the US stand at -42.3 percent.<\/p>\n
The statistics show that only three groups of products are currently trading under the Agoa from Malawi to the US.<\/p>\n
The products fall under the category of tobacco and manufactured tobacco substitutes.<\/p>\n
Under this category, the US has imported goods<\/p>\n
worth $11,084 in 2015 and in 2016; they have so far imported goods worth $9,049 representing a -18.4 percentage change.<\/p>\n
In the apparel and clothing category, the imports registered a -85.4 percentage between 2015 and 2016, while edible fruits registered a -62.1 percentage change.<\/p>\n
On the other hand, US exports to Malawi stand at $26,567 from $27,409 in 2015, representing a -3.1 percentage change.<\/p>\n","protected":false},"excerpt":{"rendered":"
Malawi is still failing to capitalise on the trade pact with the United States of America under the African Growth and Opportunity Act (Agoa) treaty. Agoa is a trade Act enacted in May 2000 and covered an eight year period up to 2008 but has since been renewed to 2025. The Act significantly enhances market […]<\/p>\n","protected":false},"author":3,"featured_media":33130,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/33126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=33126"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/33126\/revisions"}],"predecessor-version":[{"id":33131,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/33126\/revisions\/33131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/33130"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=33126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=33126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=33126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}