Wednesday - June 19,2019

Angola to impose quota on food, drink imports in 2015

Angola to impose quota on food, drink imports in 2015

Angola will impose a quota system on the imports of food, drinks, eggs and vegetables from the year 2015 as the country was now able to produce over 60 percent of the products, the official news agency Angop reported on Tuesday.

The imports would be gradually reduced and the quota would be jointly determined by executive decrees of the ministries of trade, finance, transport, industry, agriculture, fisheries and the national bank of Angola (BNA), according to recommendations presented by the first national seminar on import quotas implementation held on Monday in Luanda by the ministry of trade.

The participants believed that domestic production was a priority to diversify the country's oil-dependent economy and the import of the farming products should complement the home production deficit.

The seminar also recommended, under the national program to fight hunger and poverty, that trading companies shoulder greater social responsibility and save one percent of the quantities of food imported annually for strategic food reserve of the state.