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Presidential Decree No. 4/21 approving the Regulation of the Free Trade Zones Law.

Country/Territory
Angola
Document type
Regulation
Date
2021
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 1.
Subject
General
Keyword
Enforcement/compliance Transport/storage Internal trade International trade Business/industry/corporations Environmental planning Environmental standards EIA Land-use planning Authorization/permit
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Presidential Decree enters into force on the day of its publication.
Abstract

This Presidential Decree approves the Regulation of the Free Trade Zones Law. The Regulation, consisting of 42 articles divided into nine Chapters, establishes the procedures and formalities for the constitution, organization and operation of free trade zones, as a mechanism for economic and social development and as an instrument to support investment. It is applicable to the defined economic and geographical areas and reserved for this purpose, as well as management entities, investors, individuals and other private entities that perform activities there. In addition, it regulates their creation, supervision, management, exploitation, access, activities, provision of services, control of goods, special regimes, transgressions and fines. For the creation of Free Zones, under the terms of article 6 of Law No. 35/20 of 12 October, the proposing public and private entities must submit the following proposals: a) Denomination of the Free Trade Zone; b) Geographic delimitation; c) Duration; d) Study on the environmental impact; e) Social impact and economic viability assessment; f) Strategic plan.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Implements

Resolution No. 35/20 ratifying the Agreement that creates the 2018 African Continental Free Trade Zone.

Legislation | Angola | 2020

Keyword: Agricultural development, Food security, Transport/storage, Internal trade, International trade, Business/industry/corporations

Source: FAO, FAOLEX