Nam a favourable gateway to SADC: Schlettwein

28 Oct 2014 13:30pm
DUBAI, 28 OCT (NAMPA) – The Minister of Trade and Industry says Namibia is a favourable economic gateway country for all business ventures in the Southern African Development Community (SADC).
Trade Minister Calle Schlettwein said this while speaking at the Global Trade Development Summit underway in Dubai in the United Arab Emirates (UAE) on Tuesday, where he did a presentation on trade and industry opportunities available in Namibia.
Schlettwein is representing the country at the summit, which started here on Monday.
He said any of the potential investors present at the summit is welcome to invest in Namibia.
“We want our economy to be a friend to everyone, and we have no economic enemies. We have abundant national resources, mineral deposits and aquaculture’s God-given resources,” said Schlettwein.
He noted that there are plenty of trading opportunities within the country and beyond its borders.
The minister stated that Namibia has top grade roads and rail networks, as well as telecommunication infrastructure that is of an international standard, which makes business and trading easier in the whole SADC.
“We are strategically located, and we are a favourable gateway country to do business in in the whole SADC since we are a member of the Southern African Customs Union (SACU),” said Schlettwein.
This was the minister’s first presentation at the summit. He was also expected to do presentations on the exploration of Free Trade Agreements (FTAs), developing trading with emerging markets, and strengthening trade in conventional markets.
The summit ends on Wednesday.