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Wednesday, 09 September 2009

Namibian exports threaten SA’s fishing industry

South Africa’s fishing industry may face increased competition from Namibian fish exports, which could spell disaster for the local industry. Because Namibia has still to sign an Economic Partnership Agreement (EPA) with the European Union, which is expected to result in it losing its trade preferences later this year, industry role players have warned that the country is likely to divert most of its exports, currently destined for the European market, to South Africa. Namibia’s top exports to Europe are beef, fish, and grapes. South African Deep Sea Trawling Industry Association’s Secretary Roy Bross said increased fish exports to the country could have grave implications for the industry, which employs some 10 000 people. Namibian fish entered the EU duty-free under the previous Cotonou agreement, but will now likely attract duties of up to 20%.

Source: Tralac