Windhoek:The International Trade Management Bill of 2026 is expected to enhance Namibia's management of international trade, protect local industries, and aid in industrialization, according to Minister of International Relations and Trade Selma Ashipala-Musavyi.

According to Namibia Press Agency, Ashipala-Musavyi emphasized the significance of the Bill while presenting it to the National Assembly, describing it as a crucial piece of economic legislation. It is designed to shape Namibia's global trade interactions, safeguard its industries, and protect the livelihoods of workers and consumers.

The Bill is proposed in response to the increasingly complex global trading environment influenced by geopolitical shifts, evolving regulatory frameworks, technological advancements, and rising costs in shipping and energy. Ashipala-Musavyi highlighted that the global trade landscape is transforming, with the rise of unilateral and protectionist measures.

Namibia's economy is described as small and open, with prosperity closely tied to international trade. The country exports minerals, fish, meat, agricultural products, and services while relying on imported goods for households, farms, and factories. The Bill is also crucial for industrialization, value addition, investor certainty, and Namibia's engagement in regional and continental trade agreements, including those under the Southern African Customs Union, Southern African Development Community, and African Continental Free Trade Area.

The proposed legislation includes the establishment of an International Trade Management Commission. This body would analyze tariffs and make recommendations on adjustments to customs duties, rebates, and refunds, taking into account economic analysis and Namibia's regional and international commitments.