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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June 09, 2023
Trade (33)
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.
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.
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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.