Angolan President approves imports licensing

Luanda – The Angolan President, Jose Eduardo dos Santos, Friday enacted a presidential decree, which approves the regulation of administrative procedures for licensing imports, exports and re-exports.

The legal tool establishes the administrative rules that must be observed for the licensing procedures.

The regulation that reached Angop on Friday specifies that foreign trade activities, as foreign trade operations carried out between individuals resident in the neighboring or contiguous regions on both sides of the land borders of Angola with the bordering countries, are exempt from the licensing regime provided for in this legal instrument.

However, the legal regime applicable to border trade will be approved by the executive decree of the head of the ministerial department responsible for the trade sector.

The approval of this regulation concerning the licensing procedure is intended to reduce administrative barriers and costs that negatively affect the productive activity and competitiveness of domestic products with potential for export.

The measure will reduce the factors that contribute to excessive bureaucracy in procedures related to foreign trade operations.

The restructuring of the foreign trade licensing procedure is thus adjusted to the policies of gradual reduction of imports and the promotion of exports, aiming at the implementation of a more integrated operating system in its licensing, foreign exchange and customs dimensions.

Source: Angola Press News Agency