The assessment of Angola’s domestic production capacity is expected to result in changes to the country’s new Customs Tariff, which has been in effect since last August, the finance minister said recently.
Archer Mangueira also said that the government is working with several institutions to assess which products have the capacity to meet domestic demand, “after which we will certainly need to make some changes to the Customs Tariff.”
The changes in the Tariff, he added, will always be made whenever it is found that domestic production already meets, or at least contributes significantly to the reduction of imports.
The minister recalled that the draft bill for the General State Budget for 2018 included a set of rules to allow the President of the Republic of Angola, to make specific adjustments to the 2017 Customs Tariff.
Mangueira’s was speaking during his visit to Expo-Indústria e Projekta 2018, which took place from 14 to 17 November in the Luanda/Bengo Special Economic Zone. (macauhub)