Angola: Luanda and Maputo want two-way investment protection

13 June 2008

Luanda, Angola, 13 June – The governments of Angola and Mozambique Wednesday in Luanda committed to speeding up the negotiations for a reciprocal investment protection protocol, during the 7th Session of the Mixed Bilateral Commission, which ended Thursday, officials said.

Speaking to journalists at the end of the meeting, Angola’s planning minister, Ana Dias Lourenço, as co-chair of the organisation, said that the reciprocal investment protection protocol was an instrument that would protect and support businesspeople from both States.

According to the minister, cited by Angolan news agency Angop, the pledges made at the meeting, namely those related to re-establishing the Luanda/Maputo air link and dealing with the debt owed by Mozambique to Angola, “have an extremely important value for the continued strengthening of the partnership that is hoped will be exemplary, for the development of both countries.”

The re-launch of the Mixed Bilateral Commission in 2005, in the minister’s opinion, was an important instrument, not only for boosting the historic relationship between the nations, but also for their development.

The 7th Session of the Angolan-Mozambican Bilateral Commission was preceded by a business forum, held Monday. (macauhub)