Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

DRC willing to create free trade environment with Namibia

Home Business DRC willing to create free trade environment with Namibia

The Namibia Chamber of Commerce and Industry’s (NCCI’s) Chief Executive Officer, Tarah Shaanika, recently returned from what he called a successful business trip to the Democratic Republic of Congo.

Shaanika undertook this mission on behalf of the chamber to engage key Congolese decision-makers, including that country’s President Joseph Kabila in order to bring to his attention trade matters of concern between the two countries. “The DRC is a strategic and desirable market for Namibian business, so we are very pleased to have the commitment of both Heads of State,” said Shaanika. The two chambers have also created a bilateral dialogue platform, agreeing to meet twice annually to review agreements between the two organisations.

According to Shaanika the NCCI successfully engaged Congolese President Joseph Kabila, president of the DRC Chamber Albert Yuma, as well as prominent individuals in the Congolese private sector. “President Kabila and his government have undertaken to address all the issues of concern raised, in an effort to create a favourable environment that will promote free trade and access between our two countries,” according to Shaanika. The visit was organised following an invitation by the President of the DRC Chamber of Commerce and Industry, Albert Yuma, who visited Namibia in June this year.  In this initial meeting, the two chambers identified and discussed restrictive trade matters, which they agreed to present to their respective governments.

These issues included the establishment of a bilateral commission on Trade and Economic Cooperation to take advantage of the numerous opportunities for business and trade between the two countries.  Such a commission was proposed to involve government representatives at policy level and should ideally be chaired by the Heads of States on an annual and rotating basis. Moreover, the parties also resolved to work towards the reduction and/or removal of duties applicable to products traded between the two countries, which have proven to be a serious hindrance to increasing trade volumes. It was also proposed that the two countries negotiate and enter into a bilateral trade agreement aimed at, amongst others, reducing and eliminating import duties for strategic products, to be determined by the two governments. It was also agreed that the government of the DRC would speed up the process of ratifying and implementing important multilateral arrangements, such as the SADC Protocol on Trade.

The last meeting noted the discussion between the governments of the two countries on the removal of visa requirements for citizens. While Namibia has made public commitments to remove visa requirements for DRC citizens this decision has not yet been practically implemented. “We therefore urged the government of Namibia to implement this decision and make the traveling of Congolese nationals to Namibia hassle free and less costly. In the same vein, we request the DRC government to reciprocate and remove visa requirements for Namibian nationals.

It is absolutely important that if we are to increase commercial activities between our two countries, the movement of goods and people is made less complicated and cheaper,” Shaanika said. Other issued that were addressed include the need to look urgently into the factors causing the delay of trucks at the borders of the two countries, which impact negatively on the turnaround of trucking time and the costs of transportation and to work towards eliminating them, as well as the promotion of investment flows between the two countries.

 

By Staff Reporter