EU Emerges as Namibia`s Single Trading Bloc
By: Hertha Ekandjo
An independent study on the Europe Union (EU)-Namibian trade data and foreign direct investment has found that the EU operates as a single trading bloc that runs a trade surplus with Namibia almost every year since 2004.
The study conducted by and independent economist, Robin Sherbourne, reported that in 2023, 95% of Namibian exports to the EU were destined for Belgium, Spain, the Netherlands, France, Italy, Germany, and Portugal.
The study revealed that the Namibia has increasingly diversified its sources of imports beyond South Africa to include the EU, China, India, and the UAE.
The EU imports a diverse range of Namibian products, including refined copper, diamonds, uranium, hake, table grapes, charcoal, marble, and leather hides.
EU Ambassador to Namibia, Ana Beatrice Martins has noted the significant evolution of EU-Namibia relations over the years, transitioning from traditional development cooperation to a partnership of equals based on trade, investment, and sustainable development.
The draft findings of this study underscore the importance of the EU-Namibia partnership in fostering sustainable economic growth and exploring new opportunities for trade and investment.
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