Namibia's export sector could soon see new opportunities as China introduces a new trade development policy.
 

The Luderitz-based Lagoon Aquaculture, founded in 2015, has grown over the years into a cross-border industry, now exporting live oysters, scallops, and rock lobsters.

Its export destination includes South Africa and Asian markets. 

The Minister of International Relations and Trade, Selma Ashipala-Musavyi, has urged Namibia to identify products and sectors where it holds a competitive advantage for export growth as the country explores the opportunities within the African Continental Free Trade Area framework.

Trade tariffs imposed by the United States are negatively affecting Namibia's export earnings, having disrupted established value chains and decreasing competitiveness in traded goods.

The Grape Growers Association has highlighted several challenges facing the industry, such as restrictions preventing the export of selected products to neighbouring South Africa.

Namibia will make its second shipment to Kenya on Monday through the African Continental Free Trade Area (AfCTA). 

The second consignment will come from MeatCo.

With more than 300,000 calves exported yearly to South Africa, Prime Minister Elijah Ngurare is calling for local value addition around cattle farming in the quest to create more employment.

The premier spoke to NBC News in an interview during the 17th edition of the Okakarara Annual Trade Fair. 

Namibia and South Africa are going to scale up trade in the energy, agriculture, and horticulture sectors, among others.

Namibia's beef exports to the European Union are under threat as the EU's new deforestation regulation comes into effect on 1st January 2025. 

This regulation prohibits the entry of commodities linked to deforestation after December 2020, including beef, unless stringent environmental standards are met.

China has approved Namibia's export of mutton and dried fruits.

This was confirmed by President Nangolo Mbumba at his arrival from Beijing, China, today.