ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Tue, 12 Mar 2019 19:35 - Updated Tue, 12 Mar 2019 19:35

SADC regulations with favorable rates for products made in region

Luanda - Domestic producers that comply with the regulations imposed by the Southern African Development Community (SADC) may benefit from reduced or non-tariff rates on imports of goods to other countries in the region as soon as Angola enters the Free Trade Zone.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

 

One of the criteria for obtaining preferential rates is to certify that products to be sold in other member states are made "wholly" with means purchased in the SADC Area.

Otherwise, according to the head of the Department of Tariffs and Trade of the General Tax Administration (AGT), Santos Mussamo, producers will be subject to generic rates, taxing based on those in the customs tariff.

Speaking to journalists on Tuesday, on the sidelines of the SADC Workshop on Rules of Origin, which brought together national dispatches and producers, as part of the preparations for Angola's entry into the Free Trade Zone, it said that its own criteria were defined to determine the "nationality" of the goods, so that the production of this economic block is protected.

The SADC Rules of Origin expressed in Annex I to the protocol of the regional organization on trade constitute a set of factors determining the nationality of the goods such as the place where they are produced in the whole or the place where they have undergone the last substantial transformation.

The SADC Free Trade Zone will comprise 16 member states, with over 230 million inhabitants and with a GDP of approximately US $ 441 billion.

Tags Comércio   Economy   SADC  

Read also
  • 12/03/2019 16:53:31

    World Bank learns about reforms in Angola

    Luanda, 12 March (ANGOP) - The World Bank's Vice-President for the African Region, Hafez Ghanem, visits Angola from 13 to 15 this month to learn about the country's current momentum driven by government reforms.

  • 12/03/2019 13:24:04

    TAAG to resume flights to Cabo Verde in April

    Luanda - Angola Airlines "TAAG" is to start operating again in April on the Luanda-Island of Sal (Cabo Verde) route, after almost four years of interruption since 2016 in order to rationalize expenses.

  • 12/03/2019 12:56:25

    World Bank Vice President expected in Angola to assess reforms

    Luanda -World Bank’s Vice President for Africa Hafez Ghanem starts on Wednesday a three-day visit to Angola to assess the ongoing reform launched by the government.