Malawi Investment and Trade Centre (MITC) Chief Executive Officer Paul Kwengwere has been appointed to the Board of Directors of the International Trade Council (ITC).
A press release issued by the ITC on Thursday indicates that Kwengwere is among 12 new board members who will serve on the board until December 2027.
Kwengwere’s appointment comes as Malawi seeks to boost exports and attract more foreign investment.
The appointment puts Malawi at the centre of global trade decisions, as ITC represents over 28,000 corporations in 179 countries worldwide.
The new board, chaired by Ranjani Rangan, will focus on reducing trade barriers and creating equal access to international markets.
“These newly elected leaders will serve for an initial term beginning January 15 2025 through December 1 2027, bringing invaluable expertise to further ITC’s mission of fostering foreign market entry, reducing technical barriers to trade, and enhancing international trade education. Other key priorities include expanding free online trade education and conducting global business surveys to guide policy decisions,” the statement reads.
In an interview, Kwengwere said Malawi will now have a chance to access the different technical support and resources that can lead to improvements in trade and more connections to investors globally.
“I am humbled by the recognition by ITC to be in the main board. The board comprises of 12 people globally, and to be among those, it means there is something good I am doing which has made them recognize me. I am obviously also excited to be there, and intend to continue pursuing my goal of trying to excel in whatever I do. This also gives me a chance to continue increasing my global network in my field of expertise.
“When it comes to trade and investment, the ITC is an exceptional organization not only because of its massive international membership, but also in terms of experience and revolving innovative ways in the field. It’s recognizing Malawi also means a lot to the country, and will lead to international trade opportunities at all levels, including accessing markets and improving interlinkages in trade and investment. All this can help the country achieve its 2063 vision with ease,” Kwengwere said.
The International Trade Council operates the world’s largest corporate due diligence tool and helps companies comply with international trade laws.
Last year, ITC produced over 5,000 market entry reports and published two books on foreign investment.
The board will also work on supply chain transparency and support for businesses entering new markets.
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