Luanda International Fair could create business worth US$ 50 million for Brazilian firms

13 July 2007

Luanda, Angola, 13 July – Brazil’s stand at this week’s Luanda International Fair (Filda) could generate an initial volume of business worth US$ 50 million, an official has said.

Marco Auda, from Brazil’s exports promotion agency, said he was satisfied with the contacts established at the Luanda event by Brazilian exporters, which will have positive results.

“At least 40 percent of entrepreneurs have already had positive results, meaning they have done business and made sales. Others came in search of other types of business, such as building factories and have had legal contacts to become aware of Angolan legislation on private investment.”

Brazil has 50 companies represented at Filda from various sectors. Agro-industry, telecoms, pharmaceutical products, civil construction, kitchen equipment and industrial machinery being the most prominent.

Two-way exchanges between Brazil and Angola in 2006 were worth US$ 1.4 billion. (macauhub)