Angolan government to protect national industry

23 July 2010

Luanda, Angola, 23 July – The Angolan government plans to adopt a partially protectionist economic policy for Angolan industry and to simultaneously stimulate its competitiveness, the Minister of State and Economic Coordination said Thursday in Luanda.

At the opening ceremony of the 5th Business forum of the Community of Portuguese-speaking Countries (CPLP), themed “Business in the Portuguese Language,” held at the International Luanda Fair, Manuel Nunes Júnior noted that the protection was due to the government recognising that most Angolan companies are at a competitive disadvantage when compared to foreign companies.

“In that respect we need to be clear, all countries that have been successful in their industrialisation process, protected their industries,” noted the Minister, cited by Angolan news agency Angop.

At the time, Nunes Júnior noted it was necessary for companies to face the world with greater structural competitiveness in various business sectors, which requires focus on differentiation and quality of products and services, in order to increase comparative and competitive advantages. (macauhub)

MACAUHUB FRENCH