Thu, 14 Mar 2019 18:46 - Updated Thu, 14 Mar 2019 19:27
Angola may join SADC Free Trade Zone in 2020
Luanda - The Republic of Angola may enter the Free Trade Zone of Southern African Development Community (SADC) by June 2020, said in Luanda, the trade director of the Ministry of Commerce, Rui Livramento.
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Speaking to journalists, on the sidelines of the seminar on tariff classification and customs assessment, he stressed that the country is currently preparing the first tariff offer for the dismantling of the customs tariff, in order to negotiate with the other members on the positions of national interest.
"The negotiable process initially is taking a year, but the dismantling takes 12 or 15 years depending on the sectors of interest of each country," he said.
Rui Livramento said that the implementation of the agreements in the zone is immediate, but the tariff reduction will only happen in 2030 or 2035, as 85 percent of the country's tariff lines should be reduced to zero.
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