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Tue, 12 Nov 2019 17:43 - Updated Tue, 12 Nov 2019 17:43

Angola records reduction of imports

Luanda - The State Secretary for Economy, Sergio Santos said Tuesday in Luanda that Angola is now experiencing a reduction in imports, having registered in the first quarter of this year a fall around 50% of imports.

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According to Sérgio Santos, in the second quarter imports dropped significantly, based on this trend, the country is witnessing an increase in national production, as well as a large market pressure to increase domestic production.

Speaking to journalists on the sidelines of the Human Resources Training and Qualification Project under the Production Support, Export Diversification and Import Substitution Program (PRODESI), Sérgio Santos stressed that the present moment provides the current production, because with scarcity of foreign exchange it is difficult to obtain foreign exchange resources to import.

In his view, with market price correction more difficult to import cheaply, imports become more realistic at their true cost.

The Secretary of State highlighted the efforts that the Government is making in the field of infrastructure, secondary and tertiary roads, as well as the Integrated Municipal Intervention Program (PIIM) as a concrete project to reduce the precariousness of tertiary and secondary roads.

He said that creating the space for national production, a stream of support for entrepreneurs, improved infrastructure, there is a growing supply of national production.

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