The memorandum was approved during the fifth ordinary meeting of this commission, meeting under the guidance of the President of the Republic, this Tuesday at the Presidential Palace, in Luanda.
The Minister of Economy and Planning, Mário Caetano João, said that the approved document brings several elements that aim to facilitate the 'Made in Angola', guaranteeing greater security in the use of the program's seal, and mainly more dignity to national products, as well as the its internationalization in the Southern African Development Community (SADC) region, with the issuance of a certificate of origin made in Angola.
The diploma proposes the restructuring of the service, as well as the mobilization of more companies for economic growth, with a view to improving the competitiveness of national goods and services and contributing to the sustaining balance of the trade balance.
In the national market for more than a decade, 'Feito em Angola' has 130 companies, the vast majority (97) based in Luanda.
One of the novelties is the introduction of the 'QR' code on the products, in order to verify the quality of the product on the market and if the company is properly registered in the program, in addition to giving more visibility to the producer.
"We are bringing, for the first time, a specific diploma for the management of the seal and service in Angola, an aspect that did not exist in the past", stated Mário Caetano, quoted by Angop.
Each product that joins the program will have to pay the amount of 50,000 kwanzas, which is the annual amount to remain in 'Made in Angola', with a "discount" with the registration of more than three products.
"With the single registration of 50,000 kwanzas, companies will be able to register three products and, above this number, each product will pay 50 percent of this amount", he said.
Council of ministers discusses conflict in Ukraine
Also at this Tuesday's meeting, a memorandum was approved on the implications of the military conflict between Russia and Ukraine on the Angolan economy.
The document states that this conflict is causing positive impacts on the national economy due to the increase in oil revenue, caused by the increase in the price of oil in international markets.
As for the negative impact of this conflict, the memorandum refers to the increase in imports of essential goods for widespread consumption (food and raw materials), and the reduction in flows of direct investment, especially in the diamond sector, where Russia is one of the main investors.
To mitigate the impact, the Economic Commission approved a set of policy measures to be implemented in the fields of management of international reserves, the financial system, infrastructure to support agricultural production, mineral resources and diplomacy.
The Minister of Economy and Planning defended the need for Angola to take a more accelerated approach to the production of goods in the agriculture and fisheries sectors, and to improve its infrastructure.
With regard to public finances, the Economic Commission approved the Balance of Execution of the National Treasury's Financial Programming for the first quarter of 2022, took note of the Balance of Payments and International Investment Position Report for 2021 and the Annual Report of the National Bank of Angola regarding the 2021 Economic Year, says the Government in a statement.