Angola wants Italian companies to operate in the goods and services sector

8 September 2009

Luanda, Angola, 8 Sept – Angola’s deputy Economy minister, Job Graça, invited Italian companies to invest in the areas of production of goods and services in Angola where there is “enormous potential” for investment.

The invitation was made during the Angola/Italy Economic Forum attended by 60 Italian companies, which were in Angola as part of a visit by the Italian deputy trade minister, Adolfo Urso, to the country.

According to Graça there are differences between Angola and Italy in terms of economic structures, different economic growth rates and international trade supply, which establish a number of products that can be exchanged “for mutual benefit.”

According to figures provided by the Angolan deputy minister, between 2006 and 2008, Italy’s imports totalled US$151.6 million, whilst exports otalled US$221.2 million.

Machines, equipment and utensils accounted for most of Italy’s exports to Angola whilst oil accounted for almost all Angola’s exports to Italy. (macauhub)