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Old export processing zones transformed into special economic zones

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Namibia is currently transforming the old export processing zones (EPZs) into special economic zones (SEZs).

The EPZs were unsuccessful in collecting the requisite taxes for the Treasury, and they also contributed to Namibia being blacklisted as a tax haven.

The Minister of Industrialization and Trade, Lucia Iipumbu, revealed this during a consultation meeting with stakeholders on the draft Special Economic Zone Bill held at Walvis Bay.