Namibia
TRADE REGULATIONS AND STANDARDS
VI. TRADE REGULATIONS AND STANDARDS
Trade Barriers
The majority of imports from outside SACU are subject to high import tariffs. These tariffs comprise a basic customs duty and, in cases of luxury items, an additional scaled tax.
Customs Valuation
Namibia uses the Harmonised System of Classification, which is widely recognized.
Import Licenses
A letter of credit is required by U.S. exporters selling into Namibia.
Taxes and Import Duties
An Additional Sales Duty (ASD) is levied on all imports to Namibia. ASD varies between zero and 15 percent and is similar to a luxury tax. A General Sales Tax (GST) of 8 percent is also levied at the point of final sale. Together, the ASD and the GST are similar to a Value Added Tax.
Export Controls & Labeling and Marketing Requirements
Export controls are maintained on exotic and indigenous live animals (e.g. ostriches) but not on general manufactured products. The regulations of the South African Bureau of Standards are still followed by Namibia for labeling requirements and other manufacturing standards. These regulations are consistent with international requirements and standards.
Free Trade Zones
There are no free trade zones in Namibia (see discussion on export processing zones below).
Membership in Free Trade Arrangements
Namibia is a member of various Southern African regional
groupings. In addition, Namibia maintains membership in the Preferential Trade Area for Eastern and Southern Africa (PTA) and
the Common Market for Eastern and Southern Africa (COMESA). Namibia has also signed bilateral trade agreements with
twenty-one major trading nations around the world.
At present, Namibia is a member of the United Nations, the World Bank, the International Monetary Fund, the International Labor
Organization, the Food and Agriculture Organization of the United Nations, the World Trade Organization and the
Commonwealth of Nations.
Source: U. S. Department of Commerce - National Trade Data Bank, September 3, 1999
Information:
E-mail:
info@namibweb.com
Page created and serviced by
www.namibweb.com
Copyright © 1998-2025
namibweb.com - The online guide
to Namibia
All rights reserved |
JOIN
|
VIDEO PORTFOLIO
|
VIDEO/PHOTO COLLECTION
Telegram
| YouTube |
Blog
Page is sponsored by ETS &
Exploring Namibia TV
Disclaimer: no matter how often this page is updated and its accuracy is checked,
www.namibweb.com and ETS
will not be held
responsible for any change in opinion, information, facilities, services,
conditions, etc. offered by
establishment/operator/service/information provider or any third party