Executive approves new policy for REA

Executive approves new policy for REA
Executive approves new policy for REA

Africa-Press – Angola. The Economic Commission approved this Tuesday the policy that defines the minimum reference prices for the acquisition and eventual constitution of the physical stock of the Strategic Food Reserve (REA) with products of widespread consumption and national production, in the short, medium and long term deadlines.

With this measure, the Executive intends to contribute to the stability of the supply of food, in quantity and price, in order to mitigate possible market disruptions and allow access to essential products at non-speculative prices in rural and urban consumption centers.

The document approved at the 7th Ordinary Meeting of the Economic Commission of the Council of Ministers, under the guidance of the President of the Republic, João Lourenço, also foresees promoting the increase in national production by guaranteeing the purchase of surplus production, thus minimizing , the need to resort to imports.

Subsequently, the Economic Commission of the Council of Ministers approved the Legal Regime Applicable to the Acquisition of Widely Consumed Goods and Incentives for National Production, a diploma that contains concrete provisions that aim to stimulate national production.

The diploma even enshrines the State’s obligation to acquire domestically produced consumer goods and goods with a “Made in Angola” seal, also providing for a “Non-Automatic Licensing of imports and exports of consumer goods” regime. .

Under these terms, import licenses will only be granted for goods that are not produced in national territory in sufficient quantities to meet domestic demand, and export licenses for goods that are in excess of national needs.

The financial programming of the National Treasury, referring to the IV Quarter of 2023, was another document approved by the Economic Commission of the Council of Ministers.

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