28 February 2014

Angola: Price Rise May Hamper Economic Stability

The generalized price increase of products reduced in the import rights and consumption rate in the new Custom List which will come into force on Saturday , may cut the objectives that aim to stabilize social and economic situation of the country.

This was said on Friday by the head of Tariff and Trade Department of National Custom Service, Garcia Afonso, while he was speaking to importers of Farming products, tobacco, beverage, mineral water and vehicles.

However, the new Custom List had a tax increase in the import rights as well as in consumption rate by defending the national production, products like mineral water, alcoholic beverage and fruits, school books, until 9th grade, coffee, fish( tilapia , Cacusso), fruit, bread, cereals, paints varnish and honey.

For environmental issues, was increased the taxes on the products like approved chemical substances.

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