Special Economic Zones

Special Economic Zones can be broadly defined as demarcated geographical areas contained within a country’s national boundaries where the rules of business are different from those that prevail in the national territory. These differential rules principally deal with investment conditions, international trade and customs, taxation, and the regulatory environment; whereby the zone is given a business environment that is intended to be more liberal from a policy perspective and more effective from an administrative perspective than that of the national territory.
 
Malawi is establishing SEZs to fast-track industrialization which would lead to sustainable economic growth and development. This is being championed by the Ministry of Industry and Trade (MoIT), through MITC. So far, MITC intends to develop several areas into SEZs and these include; the Agro-processing Special Economic Zone (AP-SEZ), possibly along Zalewa, an Industrial Park at Chigumula Blantyre where 27.3 ha of land has already been set aside for this purpose, an Industrial Park in Lilongwe and another at Chintheche, Nkhata-Bay.

With support from the Enhanced Integrated Framework (EIF) project, the institution (MITC) is at an advanced stage in the procurement of a consultant to conduct a feasibility study and develop a roadmap for the establishment of an AP-SEZ.
 

Special Economic Zones can be broadly defined as demarcated geographical areas contained within a country’s national boundaries where the rules of business are different from those that prevail in the national territory. These differential rules principally deal with investment conditions, international trade and customs, taxation, and the regulatory environment; whereby the zone is given a business environment that is intended to be more liberal from a policy perspective and more effective from an administrative perspective than that of the national territory.