International trade to see continued growth in Angola

3 December 2010

Luanda, Angola, 3 Dec – Angola’s imports and exports will continue to grow in the near future, even if a reasonable level of replacement of imports with national products is achieved, Angola’s transport Minsiter said Thursday in Luanda.

Speaking at the opening of the 3rd meeting of Ports of the Community of Portuguese-speaking Countries (CPLP), Augusto da Silva Tomás said that the trend for growth in imports and exports reflected the importance that international trade had and would continue to have for the Angolan economy.

Cited by Angolan news agency Angop, the minister noted that Angola continued to import consumer goods and miscellaneous equipment and that the rise in the average income of families and increased productivity of companies had set up conditions of financial availability that put pressure on imports to remain at what is still a high level.

Tomás also said that the country’s balance of trade remained at a high deficit, if oil exports are removed from the equation, and that over 80 percent of goods that enter and leave the country do so via the country’s main ports.

For two days the officials responsible for the ports of Angola, Brazil, cape Verde, Guinea Bissau, Sao Tome and Principe, Portugal and East Timor will cover issues such as “The role of port communities in the development of ports,” and “The role of CPLP countries in the Southern Atlantic Region.” (macauhub)