Angola may create a strategic food reserve before next year, the Minister of Trade Jofre Van-Dúnem Júnior said on Monday, announcing the approval by the Economic Commission of the Council of Ministers of the initiative intended to supply the market with products in the basic basket of goods in periods of emergency or stock shortage.
The food reserve will allow the government, in a crisis, stock shortage or during a natural disaster to intervene in the market to maintain the balance of prices and the supply of products, ensuring food security for the population for a certain period of time.
Van-Dúnem Júnior also said that rice, maize and wheat flour and beans were the products chosen to establish the food reserve, and only rice will depend on imports.
The minister added that the creation of the national reserve could encourage national production and specified that 20,000 tons of rice, 10,000 tons of maize flour, 20,000 tons of wheat flour and 15,000 tons of beans were needed to guarantee the national food reserve.
Van-Dúnem Júnior also announced that Angola’s final accession to the Southern African Development Community (SADC) free trade area is expected to take place in 2019.
“The country formally joined the free trade zone in February 2003, but its roadmap has only now been approved by the Council of Ministers,” said the minister, who added that it would be presented to the SADC secretariat in June. (macauhub)