UK, SACU discuss trading relationship after Brexit

19 Jul 2017 14:40pm
WINDHOEK, 19 JUL (NAMPA) – British Minister of State for Trade Policy, Lord Mark Price will visit Namibia on Thursday.
A statement issued on Wednesday by the British High Commission in Namibia said Price is in the region to meet trade ministers from the Southern African Customs Union (SACU) and Mozambique to discuss ways to avoid disruptions to current trading relationships with Britain.
He attended a meeting with the SACU and Mozambique trade ministers in South Africa on Wednesday over how to work together to build on the existing trading relationships after the United Kingdom (UK) leaves the European Union (EU).
Namibia is, among others, represented by Minister of Trade and Industrialisation, Small and Medium Enterprises Immanuel Ngatjizeko.
Price will also meet with trade associations and local businesses.
The statement said the visit shows the commitment of the British Government to securing trade links in both developed and developing countries around the world.
“As we look towards our future outside the European Union, we will continue to be a champion for free trade and an advocate for the benefits trade can bring, socially as well as economically…I am excited to visit South Africa and Namibia this week to strengthen existing trading links with the region and build a mutually beneficial trading partnership,” he was quoted as saying in the statement.
He said these discussions will allow the countries to continue to work together to ‎generate employment, prosperity and investment through free trade.
Price is expected to meet representatives from Botswana, Lesotho, Mozambique, Namibia, South Africa, and Swaziland, all six of which are partners in the EU’s Economic Partnership Agreement (EPA) with southern Africa.
This development-focused trade agreement aims to create the right conditions for trade and investment to accelerate growth, helping to support regional integration and poverty eradication, he said.
Discussions are also likely to focus on steps to replicate as far as possible the effects of the EPA once the UK has left the EU.
The majority British electorate voted on 23 June 2016 to leave the EU. Motivation for leaving the EU revolves around many factors of regional integration but can be summarised into two - border control and trade.
(NAMPA)
MMT/AS/ND