Namibia is well-positioned to capitalise on the European Union's regulatory frameworks to boost its global economic standing, particularly through initiatives such as the Carbon Border Adjustment Mechanism, the EU Corporate Sustainability Due Diligence Directive, and the EU Deforestation Regulation.
The Ministry of Industrialisation and Trade (MIT) will continue to support efforts that stimulate entrepreneurial development, enhance economic activities, and empower small and medium enterprises.
The Equipment Aid Scheme Programme of the Ministry of Industrialisation and Trade (MIT) has received a low number of applications at the regional level for the Micro, Small, and Medium Enterprises (MSME) support initiative.
Bilateral trade between Namibia and Brazil has declined, highlighting the urgent need to boost trade and investment activity.
Over the past five years, Namibia's exports to Brazil have decreased by 11% annually.
The Business and Intellectual Property Authority (BIPA), in consultation with the Ministry of Trade and Industrialization, has extended its annual duty penalty waiver.
Namibia's exports to Japan are notably lower than its imports, as disclosed by the Minister of Trade, Lucia Iipumbu.
Exports amounted to N$90 million, while imports reached N$1.4 billion.
