Luanda - Angola has a legal regime to encourage national production, which aims to promote and increase national production in order to reduce imports, diversify exports and ensure the sustainability of the economy.
According to a publication on the Government Portal, which cites Presidential Decree no. 213/23 of 30 October, the legal regime is the result of the need to stimulate the production and consumption of goods and services of national origin, in order to reduce excessive dependence on imported products.
The document repeals Presidential Decree no. 23/19 of 14 January, which approves the Regulation of the Commercial Supply Chain for Basic Basket Goods and Other Priority Goods of National Origin.
The law applies to domestic producers of fast-moving consumer goods and products labelled "Made in Angola", wholesalers and retailers which aggregate domestic production.
It also applies to other economic agents who promote national production, to importers of fast-moving consumer goods and to the State's Direct and Indirect Central Administration Bodies.
The document states that fast-moving consumer goods are defined by an act of the Minister of Industry and Trade.
It also points out that the installation in Angola of industrial units for the processing and production of fast-moving consumer goods is supported by the state, based on the actions to support private investment under the Programme to Support Production, Diversify Exports and Substitute Imports.
Retailers and wholesalers who aggregate national production, especially family farms, micro and small industries, now enjoy state incentives, materialised in initiatives to facilitate and encourage access to credit.
Alliances between national producers, transporters, industrialists and traders, realised through the formation of consortia, cooperatives or other forms of cooperation for the development of productive activity, will also benefit from state incentives.
The Presidential Decree also establishes that the import process must be preceded by consultations with the domestic market on the existence of the goods to be imported.
In this sense, import authorisation depends on demonstrating the prior conclusion of contracts for the purchase of national products, initiatives aimed at direct or indirect investment, or other forms of promoting national production, as well as the effective settlement of purchases made from national producers, or the guarantee of their future settlement.
The ministerial department responsible for overseeing economic activity in the field of products to be imported is responsible for issuing a binding opinion on the import authorisation.
VM/DAN/jmc
