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Indonesia-Namibia Trade Potential: Product Competitiveness Mapping and Lessons from Chile and Uruguay

In: Bandung
Authors:
Sulthon Sjahril Sabaruddin Dr., Senior Diplomatic Official (Counsellor), Head of Economic Affairs, Economic Affairs Department, Embassy of the Republic of Indonesia in Windhoek, Windhoek, Namibia

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Tafirenyika Sunde Professor of Economics, Department of Economics Accounting and Finance, Namibia University of Science and Technology, Windhoek, Namibia
Extraordinary Associate Professor: Trade and Development, North-West University, Potchefstroom Campus, Potchefstroom, South Africa

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Abstract

This research study examines the trade potential between Indonesia and Namibia, explicitly focusing on product competitiveness mapping and lessons learned from Chile and Uruguay. The analysis explores the competitiveness of export products in each country and identifies areas for improvement. The findings reveal that Indonesia has a higher number of export products with high competitiveness than Namibia. However, both countries face challenges in boosting the overall competitiveness of their export portfolios. The study emphasises the need for diversification and value-added processing to enhance export capabilities and reduce import reliance. Drawing insights from Chile and Uruguay, it highlights the importance of economic diplomacy and bilateral trade agreements in strengthening trade relations. The study concludes with recommendations for policymakers and future researchers to foster economic growth and maximise the trade potential between Indonesia and Namibia.

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