Namibia is no longer going to export raw materials and will push to add value locally.

This was said by President Hage Geingob when he opened the first-ever EU-Namibia Business Forum in the Belgian capital, Brussels.

He says Namibia dedicates itself to improving the sustainability of the extractive industry and developing local processing, refining, recovery, and recycling capacity.

The US business community is impressed with Namibia's enabling investment environment, including its policies and stability.

However, direct trade levels between Namibia and the US are still not satisfactory as Namibia's exports range in less than US$500 million instead of billions.

In view of these low export volumes, the Namibia Investment Promotion and Development Board held an investment summit on the margins of the UN General Assembly in New York on Thursday.