Angola: Members of German parliament say Volkswagen wants to build gfactory in Angola

17 July 2008

Luanda, Angola, 17 July – Mambers of Germany’s parliament Wednesday in Luanda told Angolan deputy prime minister, Aguinaldo Jaime, that Volkswagen intended to set up a factory and that the government planned to open a German trade office in Angola.

According to Angolan news agency Angop, during a meeting with Jaime, the members of parliament also showed interest in investing in the agricultural, construction and services sectors.

Member of parliament, Kurt Rossmanith, speaking to the press said that the meeting had served to boost economic relations between the two countries and discuss the possibility of setting up partnerships in the aforementioned sectors.

Trade between Angola and Germany in 2007 totalled 500 millione uros, according to Angop.

Jaime, who received a letter from the German Federal Parliament, said that there was room for Germany to be involved in the reconstruction of his country, considering the existing business opportunities.

As a result of good economic relations, according to the minister, Angola had already settled its debt with Germany and was currently negotiating a credit line “of a significant amount,” declining to give a precise amount for the loan. (macauhub)