Portuguese government and business execs mull Angola export strategy

6 January 2006

Lisbon, Portugal, 6 Jan – The Lisbon government holds meetings Friday with executives from 30 Portuguese firms to discuss ways of boosting exports to Angola, according to a media report.

Lisbon daily Diario de Noticias reported that the meeting would be used to “discuss the strategy to be developed” in Angola by Portuguese firms in the presence of Prime Minister Jose Socrates.

Construction groups Teixeira Duarte, Mota-Engil and Soares da Costa, as well as Portugal Telecom, the BPI and BES banking groups, the Secil cement group, the Amorim industrial group and the Visabeira tourism and telecoms group are among those represented at the meeting.

About 200 Portuguese firms currently do business in Angola and are especially prominent in the banking sector – BPI and BES, civil construction, telecoms and tourism.

Portugal’s exports to its former colony were worth 671 million euros in 2004, almost double the value recorded in 2000 when Angola was still embroiled in a bitter civil war.

Prime Minister Socrates of Portugal is expected to make an official visit to Angola in March for talks aimed at bolstering two-way political and economic ties. (macauhub)