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Reliance On Pharmaceutical Imports To Persist Over The Long Term
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Namibia | Pharmaceuticals & Healthcare | Tue Mar 15, 2016
BMI View : Namibia's weak domestic manufacturing capabilities and strong colonial ties with South Africa will ensure the country continues to import the majority of its pharmaceutical needs over the coming years. Despite a relatively attractive business environment, multinational drugmakers will continue to use South Africa as the main channel trough which medicines are imported into the country, and will be unlikely to establish a direct manufacturing presence. Local production of antiretroviral medicines will give a small boost to the country's limited export potential. While Namibia's business environment is conducive to foreign direct investment (FDI), the country's relatively small pharmaceutical market and below average per capita spending on medicines lowers the country's competitiveness in the South Africa region. These factors continue to act as a deterrent to multinational pharmaceutical company investment in the local production of medicines. As a result, Namibia is heavily reliant on importing the majority of its pharmaceuticals needs. Domestic Industry Import Growth Will Outstrip Exports Namibia: Pharmaceutical Trade Forecast (NADmn)
e/f = BMI estimate/forecast. Source: United Nations Comtrade Database DESA/UNSD, BMI
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