Angola: Angolan and Mozambican businesspeople assess bilateral cooperation

10 June 2008

Luanda, Angola, 10 June – Angolan and Mozambican businespeople have been in meetings since Monday in Luanda to bost bilateral economic cooperation by attracting private investment and exchanging know how.

The parties, which met at the 2nd Angola/Mozambique Business Forum attempted to present the economic panorama of each region, the business opportunities, identify areas of common interest, tax incentives, as well as to analyse the respective legislative packages for the private sector.

Speaking on the sidelines of the meeting that is a preview of the 7th bilateral commission between the two countries, scheduled for 17 June in Luanda, the vice-president of the Confederation of the Economic Associations of Mozambique, Pereira Momade, said the businesspeople were interested in making the most of business opportunities and contributing to the creation of a strong private sector.

Momade noted that the forum was an opportunity both for Angola and Mozambique to consolidate economic cooperation.

Para o responsável, além da busca de capital, Moçambique tem igualmente como objectivo a troca de experiência para transferência de conhecimentos, sobretudo em áreas em que Angola tem mais “know-how”, como o sector petrolífero.

He said that in their favour the countries had similar legal frameworks and a common language.

The priority areas identified were agriculture, manufacturing, fishing, tourism, forest protection, transport and construction, amongst others. (macauhub)