RESTRICTED WT/TPR/S/321 18 August 2015 (15-4178) Page
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RESTRICTED WT/TPR/S/321 18 August 2015 (15-4178) Page: 1/77 Trade Policy Review Body TRADE POLICY REVIEW REPORT BY THE SECRETARIAT ANGOLA This report, prepared for the second Trade Policy Review of Angola, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Angola on its trade policies and practices. Any technical questions arising from this report may be addressed to Jacques Degbelo (022 739 5583), Rosen Marinov (022 739 6391), and Pierre Latrille (022 739 5266). Document WT/TPR/G/321 contains the policy statement submitted by Angola. Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Angola. This report was drafted in English. WT/TPR/S/321 • Angola - 2 - CONTENTS SUMMARY ........................................................................................................................ 5 1 ECONOMIC ENVIRONMENT ........................................................................................ 10 1.1 Overview ...................................................................................................................10 1.2 Recent economic trends ..............................................................................................12 1.3 Trade and investment .................................................................................................13 1.4 Economic prospects ....................................................................................................14 2 TRADE AND INVESTMENT REGIME ............................................................................ 17 2.1 General framework .....................................................................................................17 2.2 Trade agreements and arrangements ............................................................................21 2.2.1 World Trade Organization .........................................................................................21 2.2.2 Regional and preferential agreements ........................................................................22 2.2.2.1 African Union ........................................................................................................22 2.2.2.2 Southern African Development Community (SADC) ...................................................22 2.2.2.3 Economic Community of Central African States (ECCAS) ............................................23 2.2.3 Bilateral agreements and arrangements .....................................................................23 2.2.4 Other agreements and arrangements .........................................................................24 2.2.4.1 Relations with the European Union ..........................................................................24 2.2.4.2 Relations with the United States .............................................................................24 2.2.4.3 Generalized System of Preferences (GSP) and Global System of Trade Preferences (GSTP) ............................................................................................................24 2.3 Investment regime .....................................................................................................25 2.3.1 General investment regime .......................................................................................25 2.3.2 Special investment regimes ......................................................................................28 2.3.2.1 Petroleum activities ...............................................................................................28 2.3.2.2 Mining activities ....................................................................................................29 2.3.2.3 Financial activities .................................................................................................30 3 TRADE POLICIES AND PRACTICES ............................................................................. 31 3.1 Measures directly affecting imports ...............................................................................31 3.1.1 Registration and procedures ......................................................................................31 3.1.2 Preshipment inspection and customs valuation ............................................................33 3.1.3 Rules of origin and tariff preferences ..........................................................................33 3.1.4 Customs duties ........................................................................................................34 3.1.4.1 Applied MFN tariff .................................................................................................34 3.1.4.2 Bindings ..............................................................................................................38 3.1.4.3 Tariff concessions .................................................................................................39 3.1.5 Other taxes .............................................................................................................41 3.1.6 Import prohibitions and restrictions and import licensing ..............................................42 3.1.7 Anti-dumping, countervailing or safeguard measures ...................................................44 3.1.8 Standards and other technical regulations ...................................................................44 WT/TPR/S/321 • Angola - 3 - 3.1.9 Sanitary and phytosanitary measures .........................................................................45 3.1.10 Packaging, marking and labelling requirements .........................................................46 3.2 Measures directly affecting exports ...............................................................................46 3.2.1 Registration and procedures ......................................................................................46 3.2.2 Export taxes, charges and levies ................................................................................46 3.2.3 Export prohibitions and restrictions ............................................................................47 3.2.4 Export support and promotion ...................................................................................48 3.3 Measures affecting production and trade .......................................................................48 3.3.1 Incentives ...............................................................................................................48 3.3.2 Competition policy and price control ...........................................................................48 3.3.3 State trading, state-owned enterprises and privatization ..............................................49 3.3.4 Government procurement .........................................................................................49 3.3.5 Intellectual property rights ........................................................................................51 4 TRADE POLICIES BY SECTOR ..................................................................................... 52 4.1 Agriculture and fisheries ..............................................................................................52 4.1.1 Agriculture ..............................................................................................................52 4.1.1.1 Overview .............................................................................................................52 4.1.1.2 Agricultural policy .................................................................................................53 4.1.2 Fisheries .................................................................................................................54 4.2 Mining and energy ......................................................................................................56 4.2.1 Oil and gas products ................................................................................................56 4.2.2 Other mining products ..............................................................................................58 4.2.2.1 Overview .............................................................................................................58 4.2.2.2 Diamonds ............................................................................................................59 4.2.3 Electricity ...............................................................................................................61 4.3 Manufacturing ............................................................................................................62 4.4 Services ....................................................................................................................63 4.4.1 Telecommunications .................................................................................................63 4.4.2 Financial services .....................................................................................................66 4.4.2.1 Banking services ...................................................................................................67 4.4.2.2 Insurance and pension fund services .......................................................................68 4.4.3 Transport