The Malawi Revenue Authority (MRA) has observed that most local businesses are utilising the Malawi-Zimbabwe Trade Agreement to boost their businesses.
Signed in 1995, the Malawi-Zimbabwe bilateral agreement aimed at removing tax barriers and other forms of trade barriers in order to stimulate trade between the two countries.
Under the agreement, goods imported from Zimbabwe into Malawi are given import duty free status, according to Raphael Kamoto, MRA Commissioner General.
“This is the same when one exports goods to Zimbabwe from Malawi,” he said.
Kamoto urged Malawian manufacturers to apply to authority and in the application they should list the goods they want to be exporting for the Authority to verify if indeed the goods are originating from Malawi.
“MRA will then the give the applicant an approval and thereafter notify Zimbabwe Revenue Authority (ZRA) of the new manufacturer and their products,” said Kamoto.
According to MRA, goods to qualify for duty free status should be wholly grown or produced in the two contracting parties and if the goods are not wholly produced then their domestic value addition should not be less than 25 percent.
Kamoto further said goods should be accompanied by a certificate of origin called Form 60 that is issued by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI), and be duly endorsed by the manufacturer and certified by MRA.
“Where a product is being exported by a person other than the original manufacturer, the certificate of origin shall be endorsed by the original manufacturer.
“When exporting, one should ensure that he/she complies with the national standards of the two countries,” said Kamoto.
He therefore urged Malawian manufacturers to utilise the agreement to boost their businesses.Follow and Subscribe Nyasa TV :