Africa-Press – Angola. The National Assembly (AN) will, this Friday (8), discuss and vote on the Bill that authorizes the President of the Republic, as Holder of the Executive Power, to legislate on the updating of the Customs Tariff of Rights Import and Export.
The legislative authorization aims to update the Customs Tariff, in force in the country, approved by Presidential Legislative Decree no 10/19, of 29 November, in order to adapt it to the 2022 version of the Nomenclature of the Harmonized System (HS) of Designation and Goods Coding.
The specialized committees of the National Assembly approved, this Wednesday, the Joint Opinion Report on the Proposed Law for Legislative Authorization of the Customs Tariff for Import and Export Duties.
The scope of this legislative procedure is the adjustment of import duty rates applicable to imported goods and similar or identical products produced in the country, in order to encourage the increase and diversification of national production, particularly agricultural production and industrial protection.
This review and update also aims to promote and develop the manufacturing sector and the continuity of a series of industrial projects that, to date, are already capable of responding to the country’s needs and contributing to the reduction of the volume of imports of finished products.
The document has a preambular part and another dispositive part with six articles.
The AN approved, through Resolution No. 3/11, of 11 February, Angola’s accession to the International Convention on the Harmonized Commodity Description and Coding System (HS), adopted in Brussels by the Customs Cooperation Council (World Organization of Customs), in June 1983, and the Amendment Protocol, adopted in Brussels, by the Customs Cooperation Council, in June 1986.
Based on the approval of the aforementioned International Convention, the Republic of Angola committed to aligning its respective tariff and statistical nomenclatures with the Harmonized System.
According to the reasoning, in addition to reasons of an international nature, it is imperative to ensure the full inclusion of the Customs Tariff of Import and Export Duties in the country’s current macroeconomic context.
The 1st Extraordinary Plenary Meeting of the 2nd Legislative Session of the V Legislature, to be held this Friday, also reserves the discussion and vote, in general, on the Law Proposals on the General Regime of Public Funds and on Mining of Cryptocurrencies and other Virtual Assets.
On the other hand, the specialized committees of the National Assembly rescheduled for Monday the discussion and vote on the Joint Special Opinion Report on the Proposed Law that approves the General State Budget, referring to the 2024 Economic Year, for technical reasons.
The Proposal in question will go to the final global vote in the hemicycle on the 13th of this month.
ANGOP
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