WINDHOEK, Oct. 2 (Xinhua) -- The Law Reform and Development Commission of Namibia chairperson Yvonne Dausab has cast a shadow of uncertainty on the
proposed New Economic Equitable Empowerment Framework.
Dausab's comment came after President Hage Geingob told a meeting in the United States last week that Namibia would still push for the proposed economic
reforms meant to empower the previously disadvantaged people by roping them into
existing companies.
If enacted, the law will compel all companies to give 25 percent shares to previously disadvantaged blacks as well as reserving 50 percent of managerial
position for them.
Although several groups have raised concern with some clauses of the proposed law, the government is adamant that they will make sure they pass it.
Speaking for the first time after consultations, Dausab, who heads the commission whose duty is to draft and research on proposed laws, said the
framework might need time.
"There is probably need for more research and benchmarking to ensure we get this economic transformation process right the first time," she said.
Dausab admitted that most people are not happy with the current framing of the law and its possible effect on the economy.
She said making ownership equity and management compulsory in the manner the framework proposes may not be the best vehicle to achieve economic emancipation
and empowerment.
According to Dausab, the best way forward is to strike balance between addressing the economic empowerment and the need to keep and attract foreign
investors.
"The government is genuinely worried about the state of the economy but also feels anxious about the continued income disparity. That is where we want to
take the conversation forward," she said.
Dausab said the consultation process that has been going on since February was informative and the commission was still getting more views from the
international and other communities.
"We have received a plethora of suggestions and recommendations on how to make the framework a better law," she further said.
German academic Matthias Herdegen who heads the Konrad Adenauer Foundation has said what the Namibian government wants to do is against international law.
Herdegen said the framework interferes with the ownership of private property and the constitutional provision of the willing-buyer willing-seller policy.
According to Herdegen, the government should drop the mandatory ownership and management clauses and adopt policies of developing the marginalized communities
through jobs and human resources.
Economist Suta Kavari, who is also the chairperson of the Economic Association of Namibia described the framework as retrogressive.
Kavari charged that the empowerment policy will not have any impact on the status of the previously disadvantaged in the country.
"It will suck the life out of already starving people. If you want real economic empowerment, it should be based on merit and a space for investment and
business opportunities," he said. Enditem
WASHINGTON Homme Nike Air Max 97 Tout Noir Pas Cher , Sept. 5 (Xinhua) -- Trade
representatives from the United States, Canada and Mexico on Tuesday claimed
that they made progress in the second round of talks to update the North
American Free Trade Agreement (NAFTA), despite U.S. President Donald Trump's
recent threat to terminate the deal.
"Important progress was achieved in many disciplines Homme
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Representative (USTR) Robert Lighthizer, Canadian Foreign Affairs Minister
Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo said in a
trilateral statement after wrapping up the five-day talks in Mexico City.
"More than two dozen working groups comprised of trade experts and technical officials worked diligently to advance the discussions and exchanged information
and proposals," they said in the statement released by the USTR's office.
"In several groups Homme
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resulted in the consolidation of proposals into a single text upon which the
teams will continue to work during subsequent negotiation rounds," the ministers
said.
Despite Trump's recent threat to terminate the 23-year-old trilateral trade deal, the ministers from the three countries "reaffirm their commitment" to an
accelerated and comprehensive
negotiation Homme
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shared goal of "concluding the process towards the end of this year."
The third round of NAFTA talks will take place in Ottawa, Canada on Sept. 23-27, according to the statement.
Simon Lester Homme
Nike Air Max 98 Triple White Blanche Pas Cher , a trade policy analyst
with Cato Institute, a Washington-D.C. based think tank, believed Trump's threat
of NAFTA termination was "a negotiating tactic."
"In theory Homme
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leverage in any negotiation by threatening to walk out. It's not clear how much
credibility Trump's threat has ..." Lester wrote in a recent analysis, noting
Trump might not have the legal authority to terminate NAFTA without
Congressional approval.
"Aside from the law, such an action by President Trump would create a political battle between the White House and Congress that could upset the rest
of Trump's
agenda Homme
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was unlikely to withdraw from the deal at the current stage.
As Mexico will have a general election in July 2018 and the U.S. congressional mid-term elections are slated for the next fall, negotiators have
hoped that NAFTA talks could be wrapped up by early next year.
However Homme Nike Air Max 98 Gym Rouge Blanche Noir Pas Cher , trade experts have
expressed doubt about the quick conclusion of NAFTA talks due to the extensive
agenda and contentious issues among the three countries.
"Because the agenda of the negotiations is so extensive, so comprehensive, it will be very difficult for the three countries to come together on agreement on
this entire agenda of issues in the next few
months Homme
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Schott, a trade expert and senior
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