Member of South African Customs Union (SACU)
Member of the World Trade Organization (WTO)
Member of the African, Carribean and Pacific Agreement
Member of the Cotonou Agreement
African Growth Opportunity Act (AGOA) beneficiary country
Preferential market access to 34 countries for Namibian products, under the Generalised System of Preferences
Preferential trade agreement with Zimbabwe
Economic partnership agreement signed with the EU in June 2016
Customs duties are payable on the importation of goods into Namibia from non-Southern African Customs Union (SACU) countries. Rates depend on the tariff heading of the goods and may vary between 0% and 30%. Excise duties are payable by manufacturers and exporters on certain items like alcoholic beverages.
Namibia retail market, as the other regional markets, is divided between informal and formal retail. The latter is growing continuously and gaining market shares.
Here are the main giant players in the Namibian market:
Walvis Bay is a well-developed, deepwater port, and Namibia's fishing infrastructure is most heavily concentrated there. The Namibian Government expects Walvis Bay to become an important commercial gateway to the Southern African region. Namibia also boasts world-class civil aviation facilities and an extensive, well-maintained land transportation network. Construction is underway on two new arteries—the Trans-Caprivi Highway and Trans-Kalahari Highway—which will open up the region's access to Walvis Bay.
According to the Namibian Ministry of Economy, Namibia's manufacturing sector is contributing to about 22% of the GDP.
To search directories by industry in Namibia, check out our service Business Directories.
Any Comment About This Content? Report It to Us.
© eexpand, All Rights Reserved.
Latest Update: September 2023