Blantyre — Malawi is geared to maximize value added products in order to meet international demands, President Professor Arthur Peter Mutharika has disclosed.
President Mutharika observed that currently Malawi agro-based products are failing to fetch international markets because they are not value added.
He said that it is time that the country has to interact with foreign businesses in order to embrace new innovative that will assist them to produce high quality products that will promote export.
The Malawi leader said this on Friday when he officially opened the 26th Malawi international trade fair in Blantyre which drew close to 200 local businesses and four international companies.
"This is an opportune time for both local and international business communities to showcase their products as well as interact on how to boost their productivity," he said.
State President Mutharika indicated that the country has a capacity to become industrialized and that his government would do that by constructing various processing industries to promote value added products.
"This country must be transformed and this can only be done by enhancing its capacity to produce more traditional crops such as cotton , tea, tobacco, coffee, groundnuts, tomatoes cassava, peas , beans among others processing them into finished products for export," said Mutharika adding that for the move to materialize the country must first become industrialized .
He said his government is geared to undertake a number of business reforms to unlock social and economic challenges of the country in order to create a better market for export.
Earlier President, Mutharika toured selected both local and international pavilions including ILLOVO Sugar Company, Kings and Queens that showcased their products.
Prior to his speech, Industry and Trade ministry presented awards to six local and international companies for their exclusive exhibition of their products.
This year's trade fair was held under the theme, 'Productivity; a Key to Exploiting Export Opportunities' and it will end on June 29, 2014.