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PRESS RELEASE: PRESS/TPRB/259
14 and 16 February 2006

TRADE POLICY REVIEW: ANGOLA

Diversification of production and trade is essential for balanced development

Since the end of the 30-year old civil war, Angola has made significant progress in fostering growth and stabilizing its economy, and has redoubled efforts for a better integration in the multilateral trading system both in regional end global terms, according to a WTO Secretariat report on the trade policies and practices of Angola.

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The authorities are committed to trade liberalization as a means to secure the foundations for sustainable economic growth and poverty reduction, although effective production in various sectors still remains mainly through tariff escalation. Oil and diamonds dominate the export sector.

The report suggests that to consolidate recent improvements in macroeconomic performance, Angola needs to redevelop sectors other than the traditional oil and diamonds, and intensify the diversification of production and trade as well as rehabilitate the domestic infrastructure. Continued help in efforts for landmine clearance in conflict areas and providing urgent technical assistance would also help in the stabilization and development efforts.

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The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.

The following documents are available in MS Word format.

  

Note  back to top

Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.

The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.

 

Schedule of forthcoming reviews  back to top

Djibouti: 27 February and 1 March 2006
United States: 22 and 24 March 2006
China: 19 and 21 April 2006