WINDHOEK, April 30 (Xinhua) -- Namibia plans to introduce a new International Trade Management Bill aimed at enhancing the country's trade policy framework and safeguarding domestic industries, Minister of International Relations and Trade Selma Ashipala-Musavyi has said.
Presenting her ministry's budget for the 2025/2026 financial year to lawmakers on Wednesday, Ashipala-Musavyi said the bill will provide legal tools to investigate dumping, set tariffs, and protect emerging industries.
This will ensure that Namibia's international trade negotiations are guided by the country's development interests, she said, adding that the ministry will also prioritize finalizing the Investment Promotion and Facilitation Bill to create a more predictable investment environment.
Ashipala-Musavyi emphasized that Namibia's foreign policy remains centered on regional integration and economic diplomacy, particularly through the African Continental Free Trade Area and the Southern African Development Community trade frameworks.
She said the southern African country aims to diversify trade partners, expand export markets, and attract investment in key sectors such as agriculture, energy, logistics, and tourism.
Looking ahead, the ministry aims to strengthen institutional capacity, enhance digital diplomacy, and boost coordination with private sector stakeholders.
Ashipala-Musavyi said that the ministry will work to ensure that international partnerships deliver tangible socio-economic benefits for all Namibians. "We must align political and economic diplomacy to maximize national impact," she said. Enditem
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