Southern Africa: Angola May Join SADC Free Trade Zone in 2020

Luanda — The Republic of Angola may enter the Free Trade Zone of Southern African Development Community (SADC) by June 2020, said in Luanda, the trade director of the Ministry of Commerce, Rui Livramento.

Speaking to journalists, on the sidelines of the seminar on tariff classification and customs assessment, he stressed that the country is currently preparing the first tariff offer for the dismantling of the customs tariff, in order to negotiate with the other members on the positions of national interest.

"The negotiable process initially is taking a year, but the dismantling takes 12 or 15 years depending on the sectors of interest of each country," he said.

Rui Livramento said that the implementation of the agreements in the zone is immediate, but the tariff reduction will only happen in 2030 or 2035, as 85 percent of the country's tariff lines should be reduced to zero.

See What Everyone is Watching

More From: ANGOP

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.