WINDHOEK: Deputy Minister of trade of Industry Tjikero Tweya is expected to move a motion on the long-waiting Namibia’s Industrial Policy in National Assembly on next week on Tuesday.
Thus, Tweya on Tuesday gave the notice before August House to consider and approve NIP by the Ministry of trade and Industry.
The vision of Namibia’s Industrial Policy is anchored in vision 2030 that Namibia should be characterized as ‘a prosperous and industrialized country, developed by her human resources, enjoying peace, harmony and political stability’.
According to the NIP document availed to member of parliament and media, as an industrialized nation, Namibia should be characterized by a high level of household income, based on purchasing power parity exchange rates to take into account that one United State (US) dollar at market-based exchange rates does not have the same value in all countries.
It further said Namibia should be characterized by a more equitable distribution income, as reflected in reduction of the Gini coefficient, while at the same time growing the size of the Namibian economy.
Namibia should also be a high human development index, reflecting high standards of education, health and other social development indicators.
In term of the production and export structure, Namibia would have built the bridge from producing and exporting predominantly primary commodities to offering value added and service-orientated products.