Although one of the most sparsely populated countries with a population of 2.1 million (2011) enjoy an approximately 390 million sizable market excess through its membership in the the 5 member Southern African Customs Union (SACU), 15 member Southern African Development Community (SADC) and the 26 member Tripartite Free Trade Area (COMESA, EAC, SADC). Under the SACU Agreement, a common external tariff is applicable at entry point of the final destination country and no customs duties are levied on traded commodities among the various member states. Import VAT is applicable at 16.5%.
In addition to the Tripartite Free Trade Area (FTA), Namibia, as part of SACU, has market access agreements with the EU under the Economic Partnership Agreement, United States of America under the African Growth Opportunity Act and with Brazil, Uruguay, Paraguay and Argentina under the MERCOSUR Agreement.
Namibia recognises the crucial role foreign direct investment plays in stimulating economic growth, wealth creation and poverty reduction. For this reason, the High Commission’s main task is to promote inward investment into Namibia and to foster two-way trade. To this end, the High Commission collaborates closely with the Ministry of Trade and Industry in Namibia and the Namibia Chamber of Commerce and Industry and other players in the industry to meet your trade and investment needs.
Whether you wish to invest in Namibia, or are simply looking for investment opportunities, or wish to develop strategic partnerships in Namibia, or outsource products or services, or you are looking for suppliers or manufacturers, the Mission stands ready to assist by providing you relevant information and linking you up with potential counterparts.
For all Trade and Investment related queries, feel free to email us at email@example.com