Trade between Angola and Portugal expected to total 2.5 billion euros this year

11 June 2009

Luanda, Angola, 11 June – Trade between Angola and Portugal is expected to total over 2.5 billion euros this year as a result of an “excellent moment” in bilateral cooperation, the Portuguese ambassador to Angola, Francisco Ribeiro Teles said in Luanda Wednesday.

Speaking to Angolan news agency Angop about Portugal’s national day Wednesday, Teles said that growth in trade had also been due to a diversification of export products.

According to the diplomat, Angola had recently been the most diversified market for Portuguese exports, due to a “panoply” of products that were not part of the goods that Portugal sold to Angola in the past.

“Angola is the most diversified market for Portuguese products. We export electrical devices, machinery, food products, in fact a whole range of products that we didn’t use to,” Teles said.

According to Ribeiro Teles, “Angola is the most important (the first) country for Portugal’s exports, outside Europe, and the fourth for Portuguese exports in the world, which demonstrates the excellent moment that relations between the two countries are experiencing.” (macauhub)

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