Namibia needs to trade with finished goods: Schlettwein

10 Feb 2015 14:30pm
WINDHOEK, 10 FEB (NAMPA) - Trade and Industry Minister Calle Schlettwein says Namibia must trade with finished goods in order to enjoy free trade within the Southern African Development Community (SADC).
He said this whilst addressing employees of his ministry during their first staff meeting of the year in the capital on Monday.
“If we want to enjoy the benefits which free trade within SADC holds, we must improve our production of finished goods,” he noted.
Schlettwein said the registration of businesses in the ministry is very slow, and he thus suggested that a turnaround strategy to fast-track the process of business registration must be looked into.
Government has also observed that the private business sector is an important partner and source of wealth-creation; of employment; and of economic growth.
Thus, his ministry’s focus has been to have in place laws and incentives for various investments.
The minister said the idea of establishing a one-stop shop still remains to enable investors to have easy access to register and get assistance at one point, and in the most speedy and efficient manner.
This facility is still to be put in place as part of the new law on investment as the government has put in place incentives targeted at some crucial industries, such as manufacturing and export.
“It remains important to urgently review these incentives in order to ensure that they are still relevant and effectively serve the developmental purpose for which they were put in place.
A re-examination and prioritisation of the industries to be considered for incentive support is also necessary, and such support particularly targets the strategic sectors identified in the National Development Plan Four (NDP4) and the Industrial Policy,” said Schlettwein.
His ministry will likewise continue working closely with relevant ministries, particularly Finance, and also consult with the private sector.