Angola is third-biggest African market for Brazilian exports in 2010

21 October 2011

Luanda, Angola, 21 Oct – Angola, in 2010, was the third-biggest African market for Brazilian products and the fourth-largest African exporter to Brazil, Brazil’s President Dilma Rousseff said Thursday in Luanda.

Speaking at the Angolan parliament, Rousseff also said that the presence of Brazilian companies in Angola was proof of the boost to trade relations and mutual investments between the two countries.

Rousseff added that funding of over US$3 billion provided by Brazil made Angola the biggest beneficiary of loans as part of the Fund for Export Guarantees of the National Economic and Social Development Bank (BNDES).

This mechanism, she noted, had been “extremely” effective in promoting exchange between the two countries and she added that, whenever necessary, the fund would be increased.

The Brazilian president also announced that another Brazilian business mission would visit Luanda in November and noted she was confident that it would help improve the relationship between the two countries.

The visit by the Brazilian Head of State to Angola is part of a short tour of some African countries, which took her to South Africa, to the IBAS group (India, Brazil and South Africa) summit and later to Mozambique. (macauhub)