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Third Session of the India-Namibia Joint Trade Committee (JTC)

News and Press Release - Dated:- 7-9-2016 - The Third Session of the India-Namibia Joint Trade Committee was held in New Delhi, 07th September, 2016. The Indian delegation was led by Hon ble Minister for State for Commerce and Industry (Independent Charge) Ms Nirmala Sitharaman. The Namibian delegation was led by the Hon ble Deputy Minister, Ministry of Industrialisation, Trade and SME Development, Mr Piet Van der Walt. During the meeting the close and cordial relations enjoyed by both the count .....

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uring 2015, India was the seventh largest country from whom Namibia sourced its imports . JTC further noted that five rounds of India-Southern Africa Customs Union(SACU)Preferential Trade Agreement (PTA) negotiations have been held so far. The fifth round of negotiations was held in New Delhi in October 2010. Conclusion of the PTA would create opportunities for increased trade flows. Indian side conveyed to the Namibian side that leather, Gems and Jewellery, food processing products and engineer .....

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y to encourage local value addition and employment opportunity in Namibia. Namibia also expressed willingness to utilise $100 million of line of Credit for them. Water management related infrastructure development was also discussed in the meeting. India offered to share its experience with Namibia and assured the Namibian side of its fullest cooperation in this field. Co-operation between both the countries in hydro-electric projects and solar projects and water resource management were importa .....

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