Search
Wednesday 24 July 2019
  • :
  • :

Namibia eyes mega trade with Indonesia

Currently on a State Visit to the Republic of Indonesia, President Hage Geingob and President Joko Widodo agreed during official bilateral talks at Bogor Presidential Palace to deepen trade and investment between Indonesia and Namibia.
Geingob is currently on a three-day State Visit to the Republic of Indonesia at the invitation of Widodo.
Geingob and Widodo concluded their official bilateral talks yesterday at Bogor Presidential Palace which they hope will culminate into the strengthening of economic cooperation between the two countries in the areas of infrastructure, social housing, trade, investment, including fisheries and marine resources.
Recalling Indonesia’s support during the liberation struggle and the founding of the Non-Aligned Movement at the Bandung Conference in 1955,  Geingob emphasized the need for the two countries to reignite that spirit (of Bandung) to deepen trade, investment and to create opportunities for shared prosperity.
Identifying agriculture as a vital sector for Namibia’s industrial development, Geingob underscored the importance of agriculture and productivity in the sector and that Namibia will draw valuable benchmarking lessons from the Indonesian experience.
Agreeing on the importance of the need for key investments in infrastructure as essential for economic growth, Geingob and Widodo also witnessed the signing of a Memorandum of Understanding (MoU) on Marine Affairs and Fisheries Cooperation.
“The MoU, setting up a framework for cooperation through the establishment of a Joint Technical Committee, shall endeavour to develop sustainable aquaculture, capacity building, research and marine conservation, including coastal and marine ecotourism,” reads a statement from the presidency.
Emphasizing the importance of business and cultural exchanges between the two countries, Geingob announced that Indonesian holders of diplomatic, official and ordinary passports are exempted from visa requirements.
“Following the official bilateral talks, Geingob visited Bogor Agricultural University where University leaders and researchers shared agricultural outputs, and informed how Namibian institutions could benefit through agribusiness development partnerships with the University.
On 29 August 2018, Geingob delivered the keynote at the Indonesia-Namibia Business Forum at which the President informed that Namibia was an attractive investment destination, and Indonesian entrepreneurs were strongly encouraged to pursue investment opportunities in Namibia,” the statement further reads.
President Geingob concludes the State Visit to Indonesia today with a site visit to Dirgantara Indonesia, an aerospace company with competencies in aircraft design and manufacturing, including provision of aircraft services for civilian and military use.
Geingob will proceed to Beijing on tomorrow for a bilateral meeting on 2 September with Chinese President Xi Jinping, and participation in the Forum on China Africa Cooperation Summit (FOCAC) from 3-4 September in Beijing.




Leave a Reply

Your email address will not be published. Required fields are marked *