Luanda - National Assembly (AN) approved, Monday, the Bill that authorizes the President of the Republic to legislate on the Legal Regime of Freight Activities.
The Draft Resolution was approved with 183 votes in favour, no votes against and no abstentions, during the 8th Ordinary Plenary Meeting of the 1st Legislative Session of the V Legislature.
The Legislative Authorization Project aims to adapt the Legal Regime of Freight Activities to the new reality of economic integration and the increase in international trade flows.
According to the explanatory report, such step is the result of Angola's membership in the World Trade Organization (WTO), World Customs Organization, Southern African Development Community (SADC) and, above all, the country's ratification of the agreement that creates the African Continental Free Trade Area (AfCFTA), signed in 2018.
The bill also intends to facilitate and ensure the conditions that make commercial transactions possible between economic agents from different countries.
During the plenary, the MPs also approved the Draft resolution that authorized the President of the Republic, as Holder of Executive Power, to legislate on the incentives to be granted to the Concession Area of Oil Block 20/11.
With that the Head of State should establish the new terms and conditions regarding the limit of oil to recover the costs, as well as to set the terms and conditions for the Dolphins Development Area and discoveries that may be declared marginal.
This Legislative Authorization Law has the duration of 90 days from the date of its publication.
Courts of Appeal
The National Assembly also discussed and voted, in general terms, on the draft-law to amend the Organic Law of the Courts of Appeal.
The bill was approved with 188 votes in favour, none against and no abstentions.
The legislative initiative aims to standardize the salaries of prosecutors, while the Magistrates' Remuneration Statute is not updated.
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