The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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October 03, 2023
Trade (43)
Namibia is one position up on the Standard Bank Africa Trade Barometer (SB ATB) index, which compares enablers and challenges to facilitating trade across 10 markets in sub-Saharan Africa.
The Tyre Import Association of South Africa (Tiasa) has raised concerns over the alleged failure of Namibia to implement the Southern Africa Customs Union (SACU) regulations related to recent anti-dumping duties on tyres.
The Namibia Investment Promotion and Development Board (NIPDB) is set to promote investment opportunities in Namibia on the margins of the United Nations General Assembly summit underway in the United States of America (USA) to boost the inflow of foreign direct investment (FDI).
The proposed implementation of the Carbon Border Adjustment Mechanism (CBAM) by the European Union could significantly impact Namibia's export-dependent economy, experts say.
At least 12,860 people have made use of their national identity documents to travel between Namibia and Botswana since the two countries scrapped the use of passports early this year, officials say.
The Wenela Border Post in the Zambezi region is set to be officially inaugurated as a 24-hour port of entry between Zambia and Namibia on Tuesday.
Namibia imported N$1.4 billion in goods and services from Japan compared to exports amounting to N$90 million, revealing an imbalance in the trade relations between the two countries.
Namibia recorded a trade deficit of N$1.4 billion for the month of July 2023, down from N$2.8 billion in June, official figures reveal.
Trade between Russia and Namibia significantly declined by about 41% last year due to geopolitical tension, an official has revealed.
Trade between Namibia and Spain has grown significantly with exports value amounting to N$5 billion within the past year, official data shows.
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The Southern African Customs Union (SACU) member countries have entered into a mutual recognition agreement as part of the Authorised Economic Operator (AEO) programme that is expected to optimise procedures for imports and exports within the region.
The Namibia Investment Promotion and Development Board (NIPDB) and the Ministry of Industrialisation and Trade hosted a trade and investment promotion event in Ghana, seeking to showcase Namibia's comparative advantages as a lucrative trading partner and investment destination.
The African Continental Free Trade Area (AfCFTA) stands as historic agreement negotiated by African governments to create a single market for goods and services in Africa, promote intra-African trade, boost economic growth, and create job opportunities.
Namibia and Botswana are set to open the Trans-Kalahari/Mamuno border post as a 24-hour operator, in a move that is expected to boost economic development in the region.
