A renowned Namibian economist and University of Namibia academic on Wednesday applauded the.
The constant strengthening economic ties between China and Namibia is highly being extolled by a well-known Namibian economist and University of Namibia academic. Omu Kakujaha-Matundu told Xinhua that financial ties between Namibia and China are bearing fruits as indicated by increasing export earnings from Namibia from the Asian powerhouse.
"Of late Namibia is exporting more to China." "Namibia's exports to China have actually increased significantly. Recently the Namibian Statistics Agency confirmed that Namibia's exports and imports with China have swelled by more than 17 percent," he said. He reiterated that the two countries have benefited immensely from trade diversification as well willingness to actualize deals that were signed in the past.
"Unlike in the past where most of Namibia's exports to China were coming from the mining industry, of late, we are now exporting agriculture products including our highly rated beef." This is one of the major reasons why trade arrangements between the two countries are improving and will continue improving, he said, Xinhua reported.
Kakujaha-Matundu said China is turning out to be the all-weather friend that most African countries have been looking for. The economics specialist added that China is a key trade partner because its policies are set on enhancing trade.