Namibia starts work on Africa trade strategy
To benefit from the agreement, the ministry noted there was potential to boost participation in regional value chains in the areas of agricultural and fish processing, mineral processing and service value chains, provided certain identified constraints are addressed.
OGONE TLHAGE
WINDHOEK
Namibia is set to prioritise its manufacturing ability to drive the export of fish, livestock, meat and horticulture products. This as part of its efforts to benefit from the Africa Free Continental Trade Agreement (AfCFTA).
Namibia launched a roadmap outlining how it intends to benefit from the agreement recently, having in 2019 deposited its instrument of ratification. It is one of 28 countries to have done so.
The ministry of industrialisation noted that Namibia possessed an appropriate environment for the roll-out and introduction of the agreement.
“An analysis of the scope and operational instruments of the AfCFTA indicates that Namibia possesses a relatively appropriate policy, regulatory and institutional environment to effectively implement the agreement,” it said.
To benefit from the agreement, the ministry noted there was potential to boost participation in regional value chains (RVCs) in the areas of agricultural and fish processing, mineral processing and service value chains, provided certain identified constraints are addressed.
“The promotion of RVCs brings emphasis to the need to improve progress in the implementation of trade, logistics and transport facilitation infrastructure, of which Namibia can be an important hub,” the ministry said.
Reinvigoration
It also noted the need to address matters around enhancing Namibia’s export readiness capacities to help facilitate the flow of goods and services.
“However, certain actions to address non-tariff barriers, enhance service regulatory and export readiness capacities and mitigate risks related to operating in an increasingly free trading environment are required,” the ministry said.
“Importantly, there is need to reinvigorate implementation of the country’s execution strategy for industrialisation.”
The ministry identified key priority sectors, products and services which include: Fish and fish products, livestock, meat and meat products, beer made from malt, horticulture products, minerals and salts, wood charcoal products, table grapes and dates, cosmetics and essential oils, and prioritised services, especially tourism, financial, transport, communication, business, educational and health services.
WINDHOEK
Namibia is set to prioritise its manufacturing ability to drive the export of fish, livestock, meat and horticulture products. This as part of its efforts to benefit from the Africa Free Continental Trade Agreement (AfCFTA).
Namibia launched a roadmap outlining how it intends to benefit from the agreement recently, having in 2019 deposited its instrument of ratification. It is one of 28 countries to have done so.
The ministry of industrialisation noted that Namibia possessed an appropriate environment for the roll-out and introduction of the agreement.
“An analysis of the scope and operational instruments of the AfCFTA indicates that Namibia possesses a relatively appropriate policy, regulatory and institutional environment to effectively implement the agreement,” it said.
To benefit from the agreement, the ministry noted there was potential to boost participation in regional value chains (RVCs) in the areas of agricultural and fish processing, mineral processing and service value chains, provided certain identified constraints are addressed.
“The promotion of RVCs brings emphasis to the need to improve progress in the implementation of trade, logistics and transport facilitation infrastructure, of which Namibia can be an important hub,” the ministry said.
Reinvigoration
It also noted the need to address matters around enhancing Namibia’s export readiness capacities to help facilitate the flow of goods and services.
“However, certain actions to address non-tariff barriers, enhance service regulatory and export readiness capacities and mitigate risks related to operating in an increasingly free trading environment are required,” the ministry said.
“Importantly, there is need to reinvigorate implementation of the country’s execution strategy for industrialisation.”
The ministry identified key priority sectors, products and services which include: Fish and fish products, livestock, meat and meat products, beer made from malt, horticulture products, minerals and salts, wood charcoal products, table grapes and dates, cosmetics and essential oils, and prioritised services, especially tourism, financial, transport, communication, business, educational and health services.
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