By Hilary Mare
THE British High Commission to Namibia remains uncertain over the future of trade agreements signed by Namibia with the European Union following a British vote to leave the EU -Brexit.
The agreements are also inclusive of the recently signed Economic Partnership Agreement between the EU and SADC members.
“The UK is a long standing supporter of free and fair trade and plans to remain so. It is too early to say how the negotiations will affect trade agreements, including the recently signed Economic Partnership Agreement between the EU and SADC members,” the British High Commission said.
Last week, the United Kingdom held a referendum to decide whether it should remain as a member of the European Union or not. The majority of voters wished to leave and the Prime Minister, David Cameron, who had supported the ‘Remain’ campaign, announced he will resign before October to enable a newly elected leader to take forward the exit negotiations.
Under a new Prime Minister the UK will serve notice under Article 50 of the Treaty of European Union which will start the formal and legal process of leaving the EU.
“That process will take two years and in the meantime the UK will continue to be a full member of the European Union. It is too early to say what the results of those negotiations will be, but the UK Government is committed to seeking the security and prosperity of the whole of Europe and to remaining one of the top six performing economies in the world. “The UK will continue to have a close relationship with its European friends and allies as well as remaining a member of the UN Security Council, the G7, the G20, NATO and the Commonwealth,” extended the High Commission.
Trade between the EU and Namibia, generated over N$14 billion according to February 2016 European Commission in Namibia trade data, almost twice as much as the N$9,5 billion worth of goods imported from the EU for the year 2014/15 financial year.
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