United States (US) ambassador to Namibia, Lisa Johnson, has said both countries were working closely to realise further growth in trade and investment.
Johnson said at a briefing that her government was working closely to raise US companies’ awareness about opportunities in Namibia which support development goals.
Johnson made these remarks in line with the US’s new trade and investment opportunity programme, known as ‘Prosper Africa’.
“The US administration is promoting more trade and investment between the US and more countries on the African continent.
This will lead to greater shared prosperity and economic growth between both parties involved.
So, Prosper Africa is a whole new government initiative that will substantially increase two-way trade between the US and the countries of Africa,” she said.
Moreover, Johnson noted that they are also encouraging more Namibian companies to take advantage of the African Growth and Opportunity Act benefits (Agoa) for the duty-free entry of products into the US.
The US consumer market has purchasing power of US$13 trillion, the largest in the world.
Looking at Prosper Africa, the ambassador added that the initiative would provide new resources to create economic prosperity for Namibians and Americans specifically by helping Namibian companies use the Agoa benefits.
She said this can be done by accessing the new US International Development Finance Corporation, while supporting skills development and two-way trade to increase partnerships between Namibian companies and the US.
“Namibia and the US have a strong and diverse partnership, and trade and investment is one of the very important pillars.