Namibia is committed to implementing the European Union’s Economic Partnership Agreement, and to launch the plan this year, National Assembly speaker revealed.
Namibia has become the eighth country to ratify the Tripartite Free Trade Area. Six more countries are required for the agreement to enter into force.
The two countries agreed to hold exploratory talks before the end of the year on the possibility of having negotiations of a trade and economic partnership agreement.
The Namibian mines and energy ministry has called on trade experts to find innovative ways to contribute to the success of the review process of the free trade area agreement between the European Free Trade Association (Efta) and the Southern African Customs Union (Sacu).
The Ministry of Mines and Energy has called on trade experts to find innovative ways to contribute to the success of the review process of the Free Trade Area (FTA) agreement.
Cabinet has directed the finance ministry to develop policies that would reduce the country’s heavy reliance on the Southern Africa Customs Union revenue.
This directive was issued during last week’s Cabinet meeting in Windhoek.
Namibia’s Presidential Advisor for Private Sector said that Namibia is at an advanced stage of finalising the Economic Partnership Agreement (EPA) implementation plan and has begun implementing the plan’s crucial aspects.
Namibia has finally signed the trillion-dollar African Continental Free Trade Agreement (AfCFTA), which requires members to remove tariffs from 90 percent of goods to allow free access to commodities, goods and services across the continent.
Namibia is not ready to engage in the proposed African Continent Free Trade Area (CFTA), said the stakeholders present at the national level consultation on the initiative.
Namibia will soon sign the Trade Related Facility Financing Agreement with the SADC Secretariat to enable the country to develop a plan for implementing the EU Economic Partnership Agreement (EPA).
The six African countries threatened with losing access to the European single market have finally agreed to sign the EU’s Economic Partnership Agreements (EPAs). But the continent’s regional integration may suffer as a result. EurActiv France reports.
SACU has not lived up to the promises of the 2002 Agreement. The failure to fully implement that Agreement has resulted in a regional arrangement in limbo and policy paralysis.
The EU plans to raise the pressure on six African countries to implement controversial free trade agreements by putting an end to their preferential access to the EU market.
Namibia’s National Assembly Speaker Peter Katjavivi said the Southern Africa country is now set to sign the Economic Partnership Agreement (EPA) with the European Union.
The European Union and Namibia have wrapped up negotiations for the Economic Partnership Agreement (EPA), and are expected to sign the agreement later this year as the EU builds on its involvement with Namibia.
African, Caribbean and Pacific (ACP) states that have not ratified Economic Partnership Agreements (EPAs) with the EU will shortly lose their free EU market access. Namibia was one of the last to say it would sign up.
Namibia has concluded negotiations towards a final Economic Partnership Agreement with the European Union and the details will be submitted to the National Assembly for ratification and signing.
South Africa’s negotiations with Brazil to sign FTAs to allow the import of cheap meat into South Africa will have implications for Namibia.
Free trade agreements won’t hold favourable implications for Namibia’s weaner industry and the opportune thing for local producers along with government, is to get together and have a round table discussion to come up with plans on how to convert potential challenges into opportunities.
The increasing amount of trade between Namibia and India is expected to balloon even further once the India-Southern African Customs Union Preferential Free Trade Agreement is finalised.