{"id":325,"date":"2024-07-20T10:28:11","date_gmt":"2024-07-20T10:28:11","guid":{"rendered":"https:\/\/fabrimetal.co.ao\/?p=325"},"modified":"2025-06-06T10:43:32","modified_gmt":"2025-06-06T10:43:32","slug":"industrial-production-in-2023-a-year-of-challenges","status":"publish","type":"post","link":"https:\/\/fabrimetal.co.ao\/en\/industrial-production-in-2023-a-year-of-challenges\/","title":{"rendered":"Industrial Production in 2023: A Year of Challenges"},"content":{"rendered":"

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Industrial production in the country fell into negative territory in 2023, interrupting the positive performance recorded between\u00a02021<\/strong>\u00a0and\u00a02022.<\/strong>\u00a0One of the main factors behind this decline was the drop in oil extraction, which had a significant impact on industrial production.<\/p>\n\n\n\n

In addition, there was a sharp decline in the production of intermediate goods last year, highlighting the fragility of the industrial sector in the face of fluctuations in the oil sector.<\/p>\n\n\n\n

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\u201cFor the country to achieve robust industrial growth without depending on oil, oil prices must remain at the levels seen in recent years. In this way, policymakers will continue to strive to diversify the economy by strengthening domestic production, particularly in the agriculture and manufacturing sectors.\u201d<\/p>\n<\/blockquote>\n\n\n\n

2. Interview with Lu\u00eds Diogo, General Manager of Fabrimetal<\/strong><\/p>\n\n\n\n

In an interview with EXPANS\u00c3O newspaper, Lu\u00eds Diogo, General Manager of Fabrimetal, emphasized the need for stable oil prices for robust and independent industrial growth.<\/p>\n\n\n\n

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\u201cWe can only reduce production costs by maximizing the level of internal production.\u201d<\/h2>\n<\/div><\/div>\n\n\n\n

Lu\u00eds Diogo emphasized that the country is already facing the consequences of an economy that is overly dependent on oil and imports. According to him, reduced investment and short-term economic uncertainty will perpetuate a discouraging scenario for the productive sector in 2024, unless more attractive policies are adopted.<\/p>\n\n\n\n

3. Dependence on Tax Incentives<\/strong><\/p>\n\n\n\n

Several business leaders emphasize the need for tax incentives and the reduction of\u00a0customs duties<\/strong>\u00a0for basic necessities and raw materials. These incentives are essential to boost domestic manufacturing production at more competitive prices.<\/p>\n\n\n\n

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\u201cIncentives must be created to boost domestic production and consequently reduce production costs in the national industry.\u201d<\/p>\n<\/blockquote>\n\n\n\n

3.1 Customs Tariff<\/strong><\/p>\n\n\n\n

Customs duties are taxes levied on imported goods. The rules and rates vary greatly across countries, and often differ for each type of product.<\/p>\n\n\n\n

What is the Customs Tariff for?<\/p>\n\n\n\n