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Tue, 06 Mar 2018 18:25 - Updated Tue, 06 Mar 2018 18:25

First cross-border commodity yields 22,000 kwanzas to State coffer

Luau - The first merchandise transported by the inaugural train of international traffic between the Democratic Republic of Congo (DRC) and Angola will yield 22,000 kwanzas to the State's coffers said Monday the regional director of seventh tax region in Luanda, Inácio Morango.

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Luau: Comboio carregado de Minério de manganês da República Democrática do Congo

Photo: David Dias

Luau: Train loaded with mineral from DRC

Photo: David Dias

Speaking to Angop, the official said that the shipment of 50 containers of manganese will be processed in a single international transit order of merchandise, whose tariff for this type of goods corresponds to 39.90 UCF, the equivalent of 88 kwanzas.

The regional director reported that, in the downward movement from the Luau to the port of Lobito or the ascending one from the port of Lobito to the Luau border post, the procedure will be the same, with international transit dispatch to be processed at the Lobito customs and at the Luau border post, respectively.

The official informed that this economic policy to apply attractive rates, aims to attract international traffic to Angola, so as to make Benguela railway route profitable, for the return of large investments made by the Angolan government in this venture.

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