Africa-Press – Angola. Angola has successfully developed a set of structural reforms within the framework of the diversification of the economy in the country, to reduce excessive dependence on oil, considered yesterday, in Luanda, the head of the mission of experts from the World Trade Organization ( WTO), Steifatt karsten.
The Angolan Government’s concrete reforms, around trade policy reviews, centered on the private business sector, are already producing results that can help change the country’s internal framework, with diversification, as well as the role of trade in the global economy.
“The Angolan Government is promoting multifaceted efforts to stimulate the supply chain, incentives for domestic production and the growth of jobs, as well as boosting advances in the field of technology”, he asserted.
Since the last WTO Trade Policy Review, Angola has registered development in its trade policy, a fact that demonstrates that these are concrete actions, under the strategy of the President of the Republic, João Lourenço.
“This (Exam) is a factual and impartial analysis of the trade of a country that absorbs the policies and practices related to trade, conducted by the WTO secretariat”, indicates the expert.
Steinfatt Karsten understands trade policy reviews as an opportunity for success and challenges of integration on the international stage.
In this regard, the expert considers that Angola’s entry into the markets of the African Continental Free Trade Area (AFRZ) and the Southern African Development Community (SADC) region is an opportunity to expand Angola’s trade to more than 55 markets.
On the occasion, the Secretary of State for Commerce, Amadeu Nunes, said that this review exam aims at the transparency of the national trading system, which will promote the attraction of investments, not only for the oil sector, but will allow the private sector to develop.
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