Trade (29)

The Namibia Revenue Agency (NamRA) has revealed that a significant portion of goods imported by entrepreneurs, also known as ‘order with me’, are counterfeit.

Walvis Bay Corridor Group says the Democratic Republic of Congo (DRC) and Zambia should fully utilise their dry ports in Namibia.

The Ministry of Industrialisation and Trade (MIT) is currently developing a trade policy to define how Namibia will conduct its trade with bilateral, regional, and multilateral trading partners.

Namibian Ports Authority (Namport) says it recorded 178% increase in export volumes for frozen fish, frozen meat, salt bagged, wooden products and steel, due to high demand in key markets for the 1 April 2022-31 January 2023 period.

Namibia’s trade with the rest of the world totalled N$225 billion last year compared to N$161.1 billion recorded in 2021.

The Namibian Ports Authority (Namport) through the Port of Walvis Bay is set to facilitate the export of a consignment of 110,900 tonnes of salt.

The Port of Walvis Bay has taken delivery of a historic and largest Petroleum Coke (Petcoke) consignment ever recorded in the country destined for Zambia. 

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.

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