Namibia’s export sector is anticipated to be significantly impacted by the expiry of the African Growth and Opportunity Act (Agoa). Simonis Storm, a representative from the Namibian Trade Development Agency, has cautioned that this transition will likely weaken the country’s reliance on value-added exports. The absence of Agoa’s preferential trade agreements could limit investment opportunities within industries focused on processing and manufacturing goods, potentially hindering economic growth and diversification efforts within the nation. The agency is currently assessing the potential ramifications for various sectors.
Credits: AllAfrica News: Latest
