Ver Angola

Trade

Basic basket products continued to lead food imports from the country

The Trade Minister, Joffre Van-Dúnem, said earlier this week that rice, sugar, palm and edible oil, beans and soap are at the top of the list of food imports in 2019, despite some domestic production.

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Joffre Van-Dúnem, who was speaking on the sidelines of the holiday greetings ceremony, said that these products that make up the basic basket of the population had the largest import volume, "because, although national production is occupying a certain space in the consumption of the country, it is still not enough".

According to the minister, national production "is still scattered in some cases" and the private sector still does not see it as an opportunity.

"But I would like to draw attention to our private sector that domestic production, especially staple products, is an opportunity, not only for the domestic supply of our populations, which could prevent the country from actually reducing imports, but also, because with our adhesion to SADC we are a platform from which if we produce with surpluses we can export to the countries of the region and to others", said the minister.

SADC was established on 17 October 1992 and includes Angola, Mozambique, South Africa, Botswana, Democratic Republic of Congo, Essuatini (former Swaziland), Lesotho, Madagascar, Malawi, Mauritius, Namibia, Seychelles, Tanzania, Zambia and Zimbabwe .

The economic commission of the Council of Ministers approved on Monday the strategy to mitigate acts of price speculation in the economy of the country, especially products of the basket.

The final announcement of the meeting states that the strategy will contribute to ensuring price stability in the market for products included in the regulated price regime, thus contributing to stabilizing the purchasing power of households.

The session also approved the memorandum on the strategy for operationalizing the Integrated Framework within the framework of the World Trade Organization, which sets out the actions already taken and to be developed in the country, as well as the proposed timetable and budget.

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