Angola’s non-mining exports are almost negligible

31 December 2015

The value of Angola’s exports outside the mining sector is almost negligible, according to the 2015 National Report on the Millennium Development Goals, recently presented in Luanda by the National Statistics Institute (INE).

The report, compiled by experts from the Ministry of Planning in partnership with the United Nations, said Angola had benefited from preferential treatment from many developed countries, where Angolan exports are permitted without payment of customs duties.

“The agreements do not require reciprocal treatment by Angola for exports from these countries,” said the document cited by Angolan state newspaper Jornal de Angola, which pointed to the fact that the country makes the most of some of these advantages, at a time when the agricultural sector accounts for no more than 4 percent of gross domestic product.

The report highlights that, compared to the average customs duties charged by developed countries on imports from other developing countries, Angola is subject to less stringent barriers.

The report noted challenges for the agricultural sector, to promote exports and construction of the country’s commercial capacity, centred on diversification of economic production in order to avoid excessive dependence on mineral resources, whose prices are volatile on the international market.

The Ministry of Planning, signing the document, said that this situation was due to the subsidy policies of the richest countries that have created barriers to the development of the agricultural potential of LDCs and developing countries. (macauhub/AO)