Namibia - Portugal talk trade - by John Ekongo
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03 Mar 2010
WINDHOEK – Both Namibia and Portugal have reiterated the need to strengthen bilateral relations between the two states.
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WINDHOEK – Both Namibia and Portugal have reiterated the need to strengthen bilateral relations between the two states.
Luis Amado, Minister of State and Foreign Affairs of Portugal, paid a courtesy call on his Namibian counterpart Marco Hausiku yesterday, where the two shared ideas on how best to promote ties between their countries.
Like Lisbon, Windhoek has agreed that in the next coming months, they will engage each other in the political, economic and social spheres.
On multilateral relations, the two leaders agreed that they would work within the ambit of multilateral organisations and international platforms to promote democracy, governance, peace and security on the continent.
Priority should be given not only to state-to-state levels of mutual cooperation, but both nations wish to see increased trade and investment between the two nations.
Portugal says Namibia is in an advantageous position due to its connection with Angola, a former colony of Portugal. Portugal has made large investments in Angola over the years and sees no reason why benefits cannot spin off to Namibia, argues Amado.
There exists little trade between Namibia and Portugal, with only a mere 10 percent of Namibian ocean products being exported to Portugal.
On the other hand, Portugal’s largest investment in the country is in the cellular phone giant Mobile Telecommunications Limited (MTC Namibia) through a shareholding agreement with Portugal Telecom of 34 percent.
The Namibian Government through the Namibia Post and Telecommunications Holding owns the remaining 66 percent of MTC.
On his part, Hausiku welcomed the initiatives and said his ministry would work towards identifying areas of mutual cooperation. Hausiku is scheduled to visit Portugal later this year at the invitation of Amado.
Amado’s delegation left Namibia for Mozambique yesterday.
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Luis Amado, Minister of State and Foreign Affairs of Portugal, paid a courtesy call on his Namibian counterpart Marco Hausiku yesterday, where the two shared ideas on how best to promote ties between their countries.
Like Lisbon, Windhoek has agreed that in the next coming months, they will engage each other in the political, economic and social spheres.
On multilateral relations, the two leaders agreed that they would work within the ambit of multilateral organisations and international platforms to promote democracy, governance, peace and security on the continent.
Priority should be given not only to state-to-state levels of mutual cooperation, but both nations wish to see increased trade and investment between the two nations.
Portugal says Namibia is in an advantageous position due to its connection with Angola, a former colony of Portugal. Portugal has made large investments in Angola over the years and sees no reason why benefits cannot spin off to Namibia, argues Amado.
There exists little trade between Namibia and Portugal, with only a mere 10 percent of Namibian ocean products being exported to Portugal.
On the other hand, Portugal’s largest investment in the country is in the cellular phone giant Mobile Telecommunications Limited (MTC Namibia) through a shareholding agreement with Portugal Telecom of 34 percent.
The Namibian Government through the Namibia Post and Telecommunications Holding owns the remaining 66 percent of MTC.
On his part, Hausiku welcomed the initiatives and said his ministry would work towards identifying areas of mutual cooperation. Hausiku is scheduled to visit Portugal later this year at the invitation of Amado.
Amado’s delegation left Namibia for Mozambique yesterday.
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