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Trade

Economy Minister says that Feito em Angola “came to give dignity to national products”

The Minister of Economy and Planning, Mário Caetano João, said that the "restructuring of the 'Feito em Angola' brand has given dignity to national products, not only for the domestic market but also for the foreign market".

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Speaking this Wednesday at the opening of the first edition of Expo Feito em Angola, the official noted that the event is a booster of economic relations that boosts the business productive domain.

In his speech, Mário Caetano João highlighted the presence, especially the participation of micro, small and medium-sized companies, represented at the event by 300 direct and indirect participations.

Cited by Angop, he also took the opportunity to point out that 35 percent of companies in the areas of general services, banking, catering, creative economy, construction, industry, health, oil and gas, energy and water, commerce, textiles, food, furniture, metalworking , agribusiness and communication and marketing, having adhered to the 'Feito em Angola' seal.

Thus, he considered that the foundations had been created for following the growth of the country's economy, writes Angop.

After a decade of implementation, "we revisited the 'Feito em Angola' seal and service", developed within the framework of the Angola Invest Program in 2012, he added.

In his speech, the holder of the Economy and Planning portfolio informed that the 'Feito em Angola' seal had seen great demand, as a result of new incentives and benefits, adding that 120 companies subscribed to the new service, especially as a result of more dynamism on the part of of INAPEM in the last seven months after its regulation had seen the 'green light', writes Angop.

He added that these companies mirror more than 535 products and services already registered by 'Feito em Angola', enabling the issuance of 198 stamps, including 10 green stamps.

Adherence to this service, he added, has increased compared to the last decade, as a result of the positive change in the country's macroeconomic situation and stimuli to boost national production that manage to ensure food sustainability.

Cited by Angop, Mário Caetano João stressed that the capital leads the list of provinces with the most registered products, with 35.5 percent. This is followed by Huambo and Benguela with 10.6 percent and nine percent, respectively, while in terms of sectors with greater evidence, industry (50.9 percent), agriculture (15.5 percent ) and fisheries (11.6 percent).

"The numbers presented here reflect the importance that our companies are giving to the Feito em Angola brand. This performance is largely due to the collaboration of the eight partner commercial establishments of Feito em Angola that embraced the initiative and made themselves available to sell products with the seal Made in Angola", said the minister, quoted by Angop.

He also considered that the fair reflects confidence and elevation of national pride as well as confidence of the business community in the political and economic reforms carried out by the Government.

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