Luanda, Angola, 03 May – Small retail enterprises in Angola will be exclusively run by Angolan nationals under the terms of new legislation for Commercial Activities due to be approved this year by Angola’s National Assembly, Angolan news agency Angpop reported.
The national director of Internal Trade, Gomes Cardoso, told Angpop that the new legislation, which will soon be discussed in parliament, would benefit local traders.
Foreigners may only invest in medium and large-scale projects and expatriates, as well as having to have residency authorization, will also have to prove their commercial, civil and financial capacities.
Other demands created by the new Law, according to Cardoso, are the need to prove the quality of consumer goods, labeling of products in Portuguese, complying with general safety, health and hygiene standards for those products.
The document also makes it a requirement to supply the manufacturing date for the product, as well as information about after-sales services.
After-sales service, Cardoso said, was obligatory for durable goods and these also required instruction manuals in Portuguese, including a guarantee for repair for a period of a year.
Parts and accessories would have to be guaranteed for a five year period, he said.
The new Commercial Activities law is the result of the 1st National Meeting on Trade in Angola held on April 25 and 26, 1996, which adopted the general bases for reform in the sector. The project was approved in a Cabinet Meeting on January 26 this year. (macauhub)