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Abstract
This paper presents a brief overview of Angola’s international trade and the
prospects for diversification on the export side as well as reactivation of traded goods
production to replace the current near total reliance on imports for all consumer and
producer goods. It is striking that trade policy per se is not the most important barrier to
achieving these goals – rather, the most important are the poor state of infrastructure in
the aftermath of the long civil war, the poor conditions for doing business, and the
chronic problem of real exchange rate appreciation due to large inflows of oil and
diamond receipts.