Trade policy contributes to economic diversification

By Confidente Reporter

TRADE and Industrialisation Ministry Chief Information Officer Elijah Mukubonda says the recently approved Draft National Trade Policy aims to contribute to Namibia’s economic diversification by promoting and stimulating a competitive trade sector to increase exports of goods and services.

He stated that the Trade Policy was designed to guide Namibia’s trade ties with the rest of the world and was formulated within the context of Vision 2030, the country’s policy framework for long-term national development, to elevate the country to the position of a developed country.

“The Policy was influenced by the country’s international and regional trade agreements, particularly the World Trade Organisation (WTO) agreements, the Southern African Customs Union (SACU) Agreement, the Southern African Development Community (SADC) Regional Indicative Strategic Development Plan (RISDP), and the Agreement Establishing the African Continental Free Trade Agreement (AfCFTA), among others. The Policy acknowledges the role of trade in facilitating the accomplishment of the 2030 Agenda for Sustainable Development and Sustainable Development Goals (SDGs),” he said.

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