Trade between Brazil and Angola in excess of US$1 billion in 2011

14 June 2012

Trade between Angola and Brazil in 2011 totalled US$1.14 billion, although Brazil exported more goods to Angola than the African country exported to Brazil, the new president of the Association of Brazilian Businesspeople and Executives in Angola (AEBRAN) said in Luanda.

Renato Azevedo, from Galp Energia, said that 80 percent of the trade figure was made up of exports from Brazil to Angola.

“Our fundamental role is to promote integration and cooperation between Brazilian and Angolan companies and businesspeople, so that in partnership they generate growth for both sides and, thus drive Angola’s development,” Azevedo said on being instated as president of the association.

Founded nine years ago, AEBRAN works in areas such as agri-industry, communications, automotive sales, construction, medication, mining, navigation, oil, and marketing, amongst other areas.

The Association of Brazilian Businesspeople in Angola (AEBRAN) has 50 member companies. (macauhub)