Namibia and Germany have initialed a bilateral merchant shipping agreement that will develop and strengthen economic ties between the two countries.
Shipping is the most cost-effective way to transport majority of goods in international trade and will be central for global sustainable development and growth.
Germany was ranked first in the 2016 World Bank’s Global Logistics Performance Index for short-turn around times, interlinking of different modes of transport and advanced logistics strategies.
The agreement will also help promote Namibia’s transformation into a logistics hub for the Southern African region as under it, German companies can provide their know-how in the sector, contributing to more trade and growth in and within Africa.
The Bilateral Merchant Shipping Agreement was reached after two days of negotiations between government delegations of Germany and Namibia in Windhoek, Namibia.
The delegations are scheduled to visit the National Port Authority in Namibia (Namport) and the country’s premier training institution for seagoing personnel, the Namibian Maritime Fisheries Institute (NAMFI) on February 2, 2017 to explore areas of further cooperation.