13 November 2018

Angola: Executive Committed to Adjustment of Trade Sector

Luanda — The Angolan government is working on achieving the best results in the trade sector by embarking on integration of national economy into international trade and ensure capacity building of national staff.

The fact was stressed by the Secretary of State for Commerce , Amadeu Leitão Nunes on Tuesday.

The official was speaking at the workshop on Monitoring the revision of Angola's Trade Policy.

Amadeu Nunes said that the Government procedures aim to adjust the country's commercial environment in line with the World Trade Organisation (WTO) rules.

He mentioned the adoption of the new Private Investment Law, the Law on Competition and Public Procurement, as well as the transfer of ministerial responsibilities and assignment to local governance as key steps to meet WTO recommendations.

The State secretary said the Executive has launched a broad political, economic and social programme reforms to improve the business environment.

He also said that the reforms will also streamline the procedures related to imports and exports, and attract private investment.

The official also noted that many challenges still lie ahead.

Among them he mentioned the competitive insertion in the global and African context.

According to him, this step represents a strategic Executive option to expand economic and trade relations, which are both the country's goal and the economic development model of the strategy by 2025.

In turn, the trade director of the Ministry of Commerce, Rui Livramento, defended trade policies adequate to the needs of development to allow Angola improve its position in international trade and adopt new trade and exchange materials that facilitate the import and export of products.

He said that adequate mechanisms protect the national economy, without any import prohibitions.

Meanwhile, the head of the African trade department, Aimé Moriganda, said that Angola is on a "good track" with regard to trade policies.

The official added that it is important to take notices so that other countries know about its trade policies in force, in order to facilitate trade.

The workshop which is set to end Friday is addressing several issues related to good trade practices.

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