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Governments of Namibia and Turkey sign trade agreement

Thu, 6 November 2014 04:16
by Kudzai Chimhangwa
News Flash


 A joint economic agreement was signed yesterday between the
governments of Namibia and Turkey in a development aimed at increasing
trade between both nations.
The signing ceremony was penned between Trade and Industry minister
Calle Schlettwein and Ambassador of the Republic of Turkey in Namibia
Republic of Turkey,Her Excellency Deniz Cakar.
Cakar described the agreement as a milestone in terms of economic
co-operation between both governments and was reflective of deeper
co-operation between both countries.
She said that trade agreement was negotiated over 2 years  and that it
is an umbrella agreement which should open doors to the business
communities in the two countries.
"It is a first step, a joint economic co-operation which will bring
business people between both countries face to face," said Cakar.
She said that the agreement paves ample ground for legal agreements as
it is now the 5th agreement within 3 months between her government and
that of Namibia
The agreement is aimed at attracting more Turkish nationals into as
many economic fields including but not limited to tourism and trade.
She said Namibia would also stand to benefit from the agreement as
Turkey is Europe's 6th biggest economy.
Trade and Industry minister Carl Schlettwein said the agreement has
many facets including trade, market access, promotion and was broad in
scope with visa and duty exemptions on certain imported goods as well
as trade shows.
He said that government was also anticipating deeper co-operation in
terms of tourism exchanges.
"A committee will be created to follow up and implement all facets of
the agreement with sector specific frameworks. We then have to try to
improve our production capacity based on the raw materials that we
have. The agreement places emphasis on improved trade in finished
goods from both sides," said Schlettwein.
He told officials in attendance at the ceremony that Namibia has
already positioned itself through improved market access and
government has been proactive in selling itself as the gateway into
"This agreement is a first step in giving effect to that, we want to
showcase our goods within the frameworks that we have with a view
towards improving investment inflows," he said.