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Monday, 07 April 2014

Namibia: EPA talks with EU continue

Namibia will only sign the Economic Partnership Agreement (EPA) with the European Union (EU) after the conclusion of negotiations between EU and African leaders, set to take place in Brazil next month.
This was revealed by President Hifikepunye Pohamba during his visit to Aussenkehr farms, following concerns grape growers raised over the inconclusive European Union's Economic Partnership Agreement negotiations for Namibia.
The chairperson of the Grape Growers Association, Andre Vermaak, warned that if the EPA is not signed, the grape companies will be levied import duties, equal to their profit margins of between seven to 11%.
"If this happens, grape growers will stop further development of their vineyards," Vermaak warned.
He revealed that Namibia currently exports 4.5 million 4.5 kg boxes of grapes with an estimated value of N$700 million. He said 95% of the country's grapes are exported to the EU, United Kingdom, the Far and Middle East.
Vermaak said the Namibian grape is described as a "jewel" by its global consumers because of the quality produce resulting from the good climate conditions the country has.
"Presently, we exceed our neighbours' (South Africa) grape quality," Vermaak boasted.

Source: FreshPlaza.com