Nam, US launch AGOA strategy
11 May 2021 | Business
Namibia is allowed to export more than 6 400 products tariff-free to the US as part of AGOA.
“Exports, through the AGOA programme will provide entrepreneurs with a chance to revive firms which have suffered heavily as a result of the Covid-19 pandemic and recession, while also providing much-needed employment to help revitalise the economy,” said US Ambassador to Namibia, Lisa Johnson.
The AGOA strategy is a collaboration between the ministry of industrialisation and trade, as well as other stakeholders, including the Namibian private sector, with support from the US Agency for International Development (USAID).
It provides a prioritised roadmap on how Namibia can increase its exports to the US under AGOA duty-free market access and recommends steps to address the policy, supply and market challenges faced by potential Namibian exporters.
A body composed of private and public sector representatives will drive the implementation of the AGOA strategy.
The strategy identifies priority sectors and categorises them into short-term (e.g. beef and fish, semi-precious stones, grapes, dates and devil’s claw), medium-term (e.g. specialty foods/organic pearl millet products, handicrafts and leather products), and long-term (e.g. indigenous natural products) export potential.
The US Government, through USAID, will continue to help Namibian firms increase exports by meeting US market entry requirements and connecting with US companies.