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Namibia and Zambia signed four cooperation agreements on trade and investment, industrial development cooperation, competition, and standards benchmarking as the two countries strengthen bilateral relations.
Namibia and Zambia signed four cooperation agreements on trade and investment, industrial development cooperation, competition, and standards benchmarking as the two countries strengthen bilateral relations.
These MoUs are a testament to the continuous efforts to strengthen the bilateral relations as sister countries. Both countries must ensure the effective implementation of these MoUs and provide progress at the next JTIC, stated Namibian Minister of Industrialisation and Trade Lucia Iipumbu at the Namibia-Zambia Joint Trade and Investment Committee (JTIC) ministerial meeting and business-to-business engagement.
The Minister underlined the importance of implementing the MoUs effectively and ensuring progress in future JTIC meetings. She expressed Namibia’s commitment to enhancing its trade relations with Zambia, considering it a country of strategic significance for mutual trade benefits. Iipumbu noted that the agreements signify the ongoing efforts to strengthen the bilateral ties between Namibia and Zambia.
The Minister encouraged the Zambian business community to explore various trade and business opportunities in Namibia, including sectors like tourism, mining and energy, agro-processing, manufacturing, oil and gas. “We are, therefore, extending an invitation to the Zambian business community to come to Namibia and explore trade and business opportunities in various fields.
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Highlighting the need to diversify their economies, she stressed the importance of identifying and leveraging key priority business, trade, and investment opportunities in various sectors. She further emphasised a focus on collaborative efforts aimed at developing value chains and enhancing technical supply chain exchanges, particularly in manufacturing and value addition.
