• It will consolidate the Balance of Trade in Zambia’s favor.
• Zambia and Namibia have enjoyed diplomatic and bilateral trade relations since 1990
• Zambia’s exports to Namibia stood at US$1.3 Billion in comparison to Namibia’s exports to Zambia at US$2.26 Million as of 2020.
A Foreign Relations Institute says President Hakainde Hichilema’s four day state visit to Namibia will consolidate the Balance of Trade in Zambia’s favor.
Rhoma Foreign Relations Institute Executive Director told Money FM News that this is in view of Zambia’s exports to Namibia that stood at US$1.3 Billion in comparison to Namibia’s exports to Zambia at US$2.26 Million as of 2020.
Mr. Lengwe stated that the trip is crucial in the country’s Economic Diplomacy crusade to secure trade and Investment opportunities for Zambia because it will solidify the long standing cordial and friendly relations that exists between the two neighboring nations.
“Zambia and Namibia have enjoyed diplomatic and bilateral trade relations since 1990 when Namibia gained independence. This stems from ZAMBIA’S support of the liberation struggle of Namibia by hosting of the South West Africa People’s Organization (SWAPO), which was the frontline liberation movement in Namibia.”
“As consequence of the relations, the two countries signed a Joint Permanent Commission on Cooperation (JPCC), which focus on bilateral cooperation in many fields such as agriculture, trade, mining, finance among others. It is under this commission that the Ministèr of Foreign Affairs and International Cooperation, Hon. Stanley Kakubo, M.P and his entourage met his Namibian counterpart Netumbo Nandi-Ndaitwah, Deputy Prime Minister and Minister of International Relations and Cooperation on October 6, 2022 for the 10th session of the Zambia-Namibia JPCC,” Mr. Lengwe said.
He further said the state visit will add political will to the development of the Walvis Bay Ndola Lubumbashi Development Corridor under whose auspices the private sector development and implementation of an oil products and natural gas pipeline project is being facilitated.
“Given this background to the two nations’ bilateral relations, we at Rhoma Foreign Relations Institute therefore acknowledge that it was imperative for President Hakainde Hichilema to accept this invitation by his counterpart His Excellency President Dr. Hage Geingob to attend the Swakopmund International Trade Expo (SWAiTEX) where he is expected to deliver a keynote speech among other engagements, seven years since the last time a Zambian seating Head of State visited Namibia.”
He added that President Hichilema’s visit to Namibia will demonstrate Zambia’s resolve to remain steadfast in fostering peace, security and good neighborliness in the Southern Africa Development Community (SADC) region as the incoming Chairperson of the SADC organ on Politics, Defence and Security (Troika).
President Hakainde Hichilema has left for Namibia to participate in that country’s annual Swakopmund International Trade Expo (SWAiTEX) hosted by Dr. Hage Geingob, President of the Republic of Namibia, and has been requested to deliver a keynote address at the Expo as well as attend the Zambia-Namibia Business Seminar and reinforce the existing strong bilateral relations.
According to the Head of State’s Facebook post, Zambia’s participation in the trade and investment Expo also underscores the country’s desire to deepen intra-African trade and collaboration for countries in the Southern African region and the continent at large.
“In line with our declaration that Zambia is open for business once again, we shall actively engage with potential investors and partners to advance efforts to re-establish Zambia as an investment destination of choice and set out our Government’s vision for a resilient and sustainable economy that delivers benefits for all Zambians.
“We fully realize that our civil service cannot absorb everyone in terms of job opportunities hence our quest to seek for potential investors to partner with our citizens in mining, finance, tourism, energy, transport, medical, education, fisheries, logistics, commercial and retail services, construction, among others and create quality jobs for our citizens in the private sector,” he stated.