The presidential decree that established the commission was approved this Tuesday at the meeting of the Economic Commission of the Council of Ministers, chaired by the chief executive, João Lourenço.
The entity is made up of "specialized and multidisciplinary technical staff capable of supporting Angola's participation in the Free Trade Area of the Southern African Development Community (SADC) and in the African Continental Free Trade Area (AfCFTA), as well as in the implementation effective and advantageous access to bilateral and other trade agreements, with preferential treatment with trade partners, maximizing the use of opportunities inherent in progressive and reciprocal trade liberalization.
The Council of Ministers also approved the national strategy and general lines of the Action Plan for the Prevention of Combating Money Laundering, Financing of Terrorism and Proliferation of Weapons of Mass Destruction which "aims to protect the stability and integrity of the financial system".
A diploma was also approved that defines the procedure for collecting and disposing of fines resulting from misdemeanors committed "in the context of the formation and execution of public contracts", which aims to ensure greater effectiveness, efficiency and applicability of the Public Procurement Law.
