Namibian Trade Minister cautions on signing or not signing EPA
The Namibian Minister for Trade and Industry, Hage Geingob has called on members of the Southern African Customs Union, SACU to carefully examine the risks involved in signing or not signing the Economic Partnership Agreement with the European Union. The minister was referring to a situation where four countries, Botswana, Lesotho, Mozambique and Swaziland, who were members of the SADC negotiating group had signed an Interim EPA, IEPA, with the European Union whereas others Angola, Namibia and
South Africa decided not to sign.
In a ministerial statement he bemoaned the situation where the European Commission had pushed for the 'notification of the IEPA to the World Trade Organization (WTO), and its ratification and implementation by those who signed.' He added that, 'Doing so
would certainly have resulted in the exclusion of Namibia from the current access that we have into the European market, and very significantly, also probably the break-up of the Southern African Customs Union, SACU.'