Malawi’s sugar exports to United States increase — Ambassador Palmer

U.S. Ambassador to Malawi Virginia Palmer has announced that Malawi’s country-specific allocation of the tariff-rate quota for raw cane sugar imports to the United States has increased by 45% in fiscal year 2017.

.S. Ambassador to Malawi Virginia Palmer: Sugar exports increase for Malawi

“Malawi exported $10.7 million worth of sugar to the United States in 2016, an increase of 25% from 2015.  This quota increase for fiscal year 2017 could mean an additional $4 million worth of Malawian sugar exports to the United States.  The United States remains committed to increasing trade between the United States and Malawi,” said Ambassador Palmer.

The Office of the United States Trade Representative recently announced country-specific reallocations and additional volume allocations of the fiscal year 2017 World Trade Organization tariff-rate quota (TRQ) for imported raw cane sugar.

The additional allocation for Malawi represents a 45% increase in the TRQ for fiscal year 2017.

TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff.   Malawi’s initial TRQ for fiscal year 2017 was 10, 530 MTRV (metric tons raw value).

Malawi has received 1,327 MTRV in re-allocation and 2,622 MTRV in increased allocation, for a total of 4,728 MTRV additional for fiscal year 2017.

Sugar is Malawi’s third largest export to the United States, following tobacco and tea.  Other significant exports include coffee, macadamia nuts, and apparel.  Since 2013, sugar exports from Malawi to the United States have more than tripled, accounting for 14% of Malawi’s total exports to the United States.

Malawi exported $75.6 million worth of goods to the United States in 2016, while it imported $46.6 million from the United States.

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winston msowoya
Guest
What an encouraging news? We hope now at least,our hospitals and clinics will have adequate supplies of drugs and medicines to treat our patients professionally.The government must see to it that the foreign currency is used for the benefit of all Malawians and not diverted to personal foreign Bank Accounts as is the characteristics of the Muthalika regime.Malawi is very rich in resources and manpower that could profoundly propel economic wonders,but the problem we have,is that our so-called leaders are greedy,selfish,corrupt,unpatriotic and most of them untutored.Another thing which retards our economic advancement is that,wrong people are put in wrong designations… Read more »
Kadakwiza
Guest

Good news

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