Trade

Trade (50)

Namibia is set to launch the National African Continental Free Trade Area (AfCFTA) Implementation Strategy and Action Plan for 2022 – 2027 aimed at taking advantage of a market of about 1.3 billion people in 55 AU member countries with a combined GDP of US$3.4 trillion.

The Namibia Revenue Agency (NamRA) is set to launch the Southern African Development Community (SADC) electronic certificate of origin (e-coo) next month, as the country moves to comply with the regional bloc’s protocol on trade.

Namibia’s trade deficit for the month of September 2022 improved by 41.2% year-on-year to N$2.4 billion in September 2022 from N$4.1 billion recorded the previous month, latest data shows.

Zimbabwe's biggest transport and logistics company, Bak Logistics, is considering exporting part of the country’s tobacco crop through Walvis Bay.

Zambian President Hakainde Hichilema says the country's dry port at Walvis Bay has boosted trade and diversified Zambia's market routes. 

Namibia imported medicinal and pharmaceutical products valued at over N$1 billion in the 12 months to August 2022, latest official statistics show. 

Total trade between Namibia and the United Kingdom (UK) reached a high of N$2.4 billion in the 12 months to March 2022, an increase of 7.3% (N$161.4 million) from the previous corresponding period, latest figures show.

The country has exported fish worth N$6.2 billion in seven months, a 1.3% increase from N$6.1 billion recorded the same period last year, latest statistics show. 

Namibia’s contentious classification as an upper-middle-income nation by the World Bank will result in the country missing out on a new deal to export goods duty free to the United Kingdom, The Brief has established.

The Namibia Investment Promotion and Development Board (NIPDB) has deployed five Investment and Export Promotion Attachés (IEPA) to strategically selected markets as it seeks to attract more investment into the country.

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