Angola has approved a set of new incentives for domestic production, with new rules for importers and stipulating that public entities must acquire locally made goods on a preferential basis.
Presidential Decree 213/23, of 30 October 2023, enacted a new “Legal Regime to Incentivize Domestic Production” is applicable to domestic producers of “consumer goods” and “made in Angola” products; wholesalers and retailers which aggregate domestic goods/products; importers of consumer goods; and public entities.
The Ministry of Industry and Commerce will define the list of “consumer goods” covered by the decree and this list may be updated from time to time.
China and Portuguese-speaking Countries Trade Reached USD 161 Billion Until September
Under the new law, the state must support the installation of factories and other industrial facilities for the processing and improvement of consumer goods produced domestically.
Wholesalers and retailers which aggregate domestic goods/products are eligible to obtain incentives from the state, including access to credit in favorable terms. This is also applicable to cooperatives or “alliances” of domestic producers, wholesalers, retailers and other entities.
The import of goods and products is subject to authorization from the Ministry of Economy. In order to obtain an authorization the importer must have consulted the local market first, and agree to acquire any available local production or otherwise engage in initiatives to promote or support such production.
Public entities must acquire goods/products made in Angola on a preferential basis. Importation is only permitted in case the goods/products are not available in Angola;
The Ministry of Industry and Commerce must collect and publish, on an annual basis, a forecast of the supply needs of domestic producers to be imported from abroad; the consumer goods to be imported from abroad. This information must be made available by no later than 15 September each year.
Domestic producers must upload information on the Ministry of Industry and Commerce portal regarding their production (types of goods/products, quantities and prices).
