Namibia preparing to export goods under AfCFTA
Fish, meat, salt and cosmetics on the export list
Trade minister Lucia Iipumbu has said AfCFTA presents significant opportunities for Africa and Namibia to realise their vision of a connected and thriving continent.
Namibia will export its first batch of goods under the African Continental Free Trade Area (AfCFTA) by November at the latest, according to the trade and industrialisation ministry.
The shipments will include salt, meat and fish products and cosmetics, ministry spokesperson Elijah Mukubonda confirmed, adding that it is important that Namibia diversify its export products.
In an email response to Namibian Sun, Mukubonda said several consultative workshops have been undertaken to address a number of issues, including the inclusion of women and youth in trade and e-commerce as well as to enhance access to economic opportunities for the youth at national and regional levels.
He said for the launch of the trade under AfCFTA, the country is targeting the Economic Community of West African States (Ecowas) market.
Thriving continent
Trade minister Lucia Iipumbu recently announced that the country’s tariffs, to be offered under the Southern African Customs Union (SACU), have been approved by the AfCFTA, marking progress in Namibia's preparation to participate in the guided trade initiative.
She said AfCFTA presents significant opportunities for Africa and Namibia to realise their vision of a unified, connected and thriving continent. The minister said it will contribute to the resolution of issues impacting trade growth, industrialisation and infrastructure development while also allowing businesses to expand their markets by exporting goods and services across the continent.
Preparations underway
Namibian Sun has learned that Namibia, through the justice ministry, is in the process of gazetting its tariff offer under the AfCFTA agreement.
Namibia will only be able to trade under the AfCFTA agreement once its provisional offer under the AfCFTA has been gazetted.
If fully implemented, the AfCFTA could leverage intra-African trade and increase trade among member states by up to 110%. In addition, the AfCFTA could lift up to 30 million people out of extreme poverty and up to 68 million people out of moderate poverty.
The shipments will include salt, meat and fish products and cosmetics, ministry spokesperson Elijah Mukubonda confirmed, adding that it is important that Namibia diversify its export products.
In an email response to Namibian Sun, Mukubonda said several consultative workshops have been undertaken to address a number of issues, including the inclusion of women and youth in trade and e-commerce as well as to enhance access to economic opportunities for the youth at national and regional levels.
He said for the launch of the trade under AfCFTA, the country is targeting the Economic Community of West African States (Ecowas) market.
Thriving continent
Trade minister Lucia Iipumbu recently announced that the country’s tariffs, to be offered under the Southern African Customs Union (SACU), have been approved by the AfCFTA, marking progress in Namibia's preparation to participate in the guided trade initiative.
She said AfCFTA presents significant opportunities for Africa and Namibia to realise their vision of a unified, connected and thriving continent. The minister said it will contribute to the resolution of issues impacting trade growth, industrialisation and infrastructure development while also allowing businesses to expand their markets by exporting goods and services across the continent.
Preparations underway
Namibian Sun has learned that Namibia, through the justice ministry, is in the process of gazetting its tariff offer under the AfCFTA agreement.
Namibia will only be able to trade under the AfCFTA agreement once its provisional offer under the AfCFTA has been gazetted.
If fully implemented, the AfCFTA could leverage intra-African trade and increase trade among member states by up to 110%. In addition, the AfCFTA could lift up to 30 million people out of extreme poverty and up to 68 million people out of moderate poverty.
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