Angolan trade with Africa remains very low

30 October 2018

Angola’s participation in several regional organisations has yet to result in increased trade with other African countries, the Secretary of State for Trade said on Monday in Luanda.

Exports of goods to Africa amount to around US$1.3 billion, compared with exports to the rest of the world of more than US$31 billion.

Amadeu Leitão Nunes, quoted by the Angop news agency, said that the 2018/2022 National Development Plan (PND) calls for the creation of a stable framework for the country’s commercial regional integration in the Southern African Development Community (SADC), contributing to opening up new export markets and reducing import costs of intermediate goods.

A four-day training session on regional trade integration and economic development in Angola, promoted by the Ministry of Trade and the European Union, addressed trade policy, industrialisation and the advantages of the Lobito corridor for Angola’s regional integration.

The 2018/2022 PND calls for regional integration as a political priority, with a view to implementing structural changes in Angolan exports, which continue to be predominantly focused on oil.

For the short and mid term, targets include the implementation of a road map for the integration of Angola into the SADC free trade area and the formal launch of negotiations on tariff disarmament in 2021 for effective introduction in that area.

Angola’s main trading partners in Africa are Namibia and South Africa. (macauhub)