The National Association of Small and Medium Enterprises (Nasme) say is optimistic that the African Continental Free Trade Area (ACFTA) agreement will improve networking among traders and boosts the country business sector.
Nasme National Chairperson, William Mwale was commenting on a resolution that was made during the African Union (AU) summit that effective January 1, 2021 Africa will become one market.
Speaking to YFM, Mwale said the development will among others give business players an opportunity to ply their trade and interact with foreign business players thereby exchanging business ideas and promoting the sector.
“This is a very good opportunity and I am sure that many entrepreneurs will take advantage it to boost their businesses.
“I also believe that it will promote networking and exchange of businesses ideas among the traders,” said Mwale.
He however, was quick to say that government should put up measures that will help the country produce and export quality products if Malawi is to fully benefit from this agreement.
Initially government said the development will only be effective if people in the country adopt and embrace it with a positive mind.
On Saturday during the African Union Summit, member states reached an agreement to create a continental free trade area effective January 1, 2021 in order to reduce tariffs incurred during trade.