Angolan Diamond policy to encourage investment
The new diamond trade policy approved by the Cabinet Council is expected encourage more investments in its production, besides the openness of the market to all people interest in making business in this sector. This was said by the Mineral and Petroleum Resources minister, Diamantino Azevedo.
By adding more he said, that the approved document introduces substantial amendments posing changes in the trade policy previously applied in the country. In the mealtime, the minister said that with recently approved new policy the Mineral sector will speed up the administrative procedures and elaboration of the technical regulation for its implementation.
The public company Sodiam will be the one to regulate the interaction between the buyers and production firms. Sodiam is the Trading and Exporting Diamonds company of Angola while Endiama is the National Company of Angola Diamonds.
