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Premier calls for a shift away from dependence on imports

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Prime Minister Saara Kuugongelwa-Amadhila is urging a shift away from dependence on imports in Namibia, emphasising the importance of supporting locally made products to stimulate economic growth.

Kuugongelwa-Amadhila, who addressed the attendees at the 10th Jubilee Opuwo Trade Fair, says purchasing local products plays a crucial role in supporting local enterprise development, promoting job creation, and driving economic expansion.

According to the Prime Minister, relying heavily on imports exposes Namibia to potential shocks originating from external factors.

Namibia imports goods worth N$ 4.8 billion in November 2022

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Namibia imported goods worth N$ 4.8 billion from South Africa, while goods exported by Namibia amounted to a mere N$ 1.5 billion, resulting in a trade deficit of N$ 3.3 billion in November 2022.
The Namibia Trade Statistics bulletin for November 2022 issued on Wednesday by the Namibia Statistics Agency (NSA) revealed that other countries that mainly contributed to the overall monthly trade deficit are India and Italy, having recorded trade deficits valued at N$ 804 million and N$ 402 million, respectively.