Angola: Angolan and US governments sign general trade and investment agreement

20 May 2009

Luanda, Angola, 20 May – Angola’s minister for Foreign Relations, Assunção dos Anjos, has said that the Trade and Investment Framework Agreement, signed Tuesday by the governments of Angola and the United States, aims to diversify the circulation of products in both countries.

Speaking to Angolan news agency Angop by telephone from Washington, dos Anjos said that so far exports to the US had been limited to oil.

“By signing this agreement we can also export agricultural products, which will be an added-value for both countries,” she said.

The Trade and Investment Framework Agreement, aims, amongst other things, to boost bilateral cooperation in the area of trade, boost relations and joint efforts to improve international economic relations.

In order to implement it, both sides will set up a trade and investment council.

The Trade and Investment Framework Agreement is a consultation mechanism used by the USA to discuss issues related to trade and investment with “other countries.”

Countries from central Asia, such a Kazakhstan and Uzbekistan, and African countries such as Nigeria and South Africa, are examples, amongst dozens of others, of situations in which the Trade and Investment Framework Agreement is being carried out. (macauhub)