Products arriving in Angola without obtaining prior authorisation may be offered to a number of existing social programmes in the country, Angola’s Trade Minister warned in Luanda at the end of last week.
Rosa Pacavira said the arrival at the port of Luanda of products for import without proper licensing constrains the services of the Trade Ministry, customs, and commercial banks, according to Angolan news agency Angop.
The minister also said that many importers do not respect the Law of Commercial Activities, because they import products that arrive at the port of Luanda without complying with the guidelines of the Trade Ministry, including licensing of the goods before entering the country.
“Angola has adopted a system of import quotas which takes effect from March,” said Rosa Pacavira, during a meeting with importers and representatives of commercial banks.
The National Bank of Angola will also gradually provide currency to commercial banks in order to pay importers of food and medicines.
The president of Banco Poupança e Crédito (BPC), Paixão Júnior, pointed out that entrepreneurs who want to import food, medicines and other goods to support oil sector companies, have priority in the purchase of foreign currency, according to the priorities set by the central bank. (macauhub/AO)