Namibia to promote trade with Indonesia

25 Oct 2018 17:00pm
WINDHOEK, 25 OCT (NAMPA) – Cabinet has directed the Ministry of Industrialisation, Trade and SME Development to promote trade and investment between Namibia and Indonesia.
The directive follows a State visit by President Hage Geingob to Indonesia at the end of August this year.
Minister of Information and Communication Technology, Stanley Simataa said in a media statement on Cabinet resolutions taken on Tuesday, promotion would be done to establish a pharmaceutical processing factory for traditional Chinese medicine from cattle kidney stones and seals.
“The factory has the potential to create about 500 employment opportunities and skills transfer in Namibia,” the statement said.
Cabinet further directed the Ministry of Agriculture, Water and Forestry to collaborate and exchange information on agribusiness, capacity building and research and development between the two countries.
The Ministry of Works and Transport was also directed to discuss potential cooperation in areas of infrastructure development such as roads, airports and railways, funded by both the State and the private sector through public-private partnerships.
(NAMPA)
ANS/AS/PS