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Angola eliminates import duties for AFTA countries
Angola will gradually eliminate import duties for products originating in States that are part of the African Continental Free Trade Area (AFTA) agreement.
As reported by Angop, the decision is expressed in the final communiqué of the meeting of the Economic Commission of the Council of Ministers, held this Tuesday (25), and is based on the Memorandum on the Tariff Offer Proposal for Angola, within the framework of the of African Continental Free Trade.
In November 2020, Angola became the 30th country to ratify the agreement establishing the African Continental Free Trade Area.
The AFTA aims to create the largest barrier-free shopping area in the world and usher in a new era of development for the continent.
Among the AFTA countries are South Africa, Angola, Botswana, Burundi, Comoros, Djibouti, Egypt, Eritrea, Ethiopia, Lesotho, Libya, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Kenya, Democratic Republic of Congo, Rwanda, Seychelles, Eswatini, Sudan, South Sudan Tanzania, Uganda, Zambia and Zimbabwe.
Food reserve
During the session, led by the President of the Republic, João Lourenço, a Memorandum was also analysed, containing the assumptions and actions to be implemented within the scope of the Operationalization of the Strategic Food Reserve.
Thus, it was ensured the creation of an ecosystem that allows the promotion of the national production of products that constitute the stock of the Strategic Food Reserve.
The objective is to facilitate access to inputs, such as seeds, fertilizers, campaign credit to producers and the purchase of surplus national production of products designated in the Strategic Food Reserve.
