International crisis affects trade between Angola and Brazil

30 April 2013

The world economic and financial crisis, which began in 2009, continues to affect trade between Angola and Brazil, said the president of the Association of Brazilian Businesspeople and Executives in Angola (Aebran).

Renato Azevedo told weekly newspaper Expansão that in 2008 trade totalled US$5 billion and in 2012 just US$1.3 billion, “although a lot is being done to alter the situation.”

Speaking recently in Luanda, at the launch of the Aebran website, Azevedo noted that relations between Angolans and Brazilians were healthy and were expected to improve because there is no language barrier between them.

“It has been precisely because of a lack of language barrier that several large Brazilian companies, as well as small ones, have invested in Angola,” noted Azevedo.

Referring to the website he said that it was intended to be a link between Brazilian and Angolan businesspeople and executives, which will allow them to expand their network of contacts.

According to its strategic plan, Aebran intends to become a benchmark for excellence in trade between Angola and Brazil and this is why it has launched the new website. (macauhub)