14 March 2019

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.

Southern Africa

Caster Semenya to Race in 3000m Event in California

South Africa's two-time Olympic champion Caster Semenya will race the 3,000 meters at the Diamond League Prefontaine… Read more »

See What Everyone is Watching

Copyright © 2019 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.