Angola adopts import quotas for basic necessities

16 January 2015

Angola will adopt a hybrid model of import quotas for basic goods such as eggs, fruit and vegetables (potatoes, onions and garlic) and drinks. This is one of the conclusions of the first seminar on the Executive Programme for Implementation of Import Quotas, which ended in Luanda.

The seminar’s participants concluded that, for the group of importers of the basic basket of goods, historical background and the supply-demand models were adopted, as they were the most consensual.

The beverages group intended to adopt the auction model, but as the government did not intend to close the quotas abruptly, this was not possible.

The Minister of Trade, Rosa Pacavira said these models are a combination of several mechanisms that the World Trade Organisation predicts can be implemented in their entirety because of their simplicity.

“We thought to bring the four models together to make a hybrid model in order to respond to imports on a national level,” explained the minister, cited by daily newspaper Jornal de Angola.

Pacavira said the meeting also adopted the models of applied tariff public companies, which have an unlimited amount of imports based on their history.

Pacavira noted that beverages such as water, beer and soft drinks have an estimated production of 17 million hectolitres and imports of just 10 million hectolitres, which shows a significant reduction in drinks imports.

The minister gave assurances that there were incentives for private investment, through the National Agency for Private Investment (ANIP), while small investors have the support of the Angola Investe programme, an initiative that has the support of the Ministries of Economy and Agriculture. (macauhub/AO)