A Belgian delegation counting more than 200 entrepreneurs arrives in Luanda this coming 20 October with the aim of furthering current business relations and to establish partnerships with public and private companies, the Belgian embassy in Angola announced.
The embassy indicated that the business mission’s programme included participation in an economic and trade forum organised by the Belgium-Luxembourg/Africa, Caribbean and Pacific Chamber of Commerce for Industry and Agriculture.
“This mission is one of our biggest ever. We aim to study the economic climate in Angola and to examine possibilities for new investments,” said a Belgian embassy source cited by the newspaper Jornal de Angola.
Belgian exports to Angola totalled 280 million euros in 2010, while imports stood at 70 million euros. The bilateral trade balance usually favours Belgium.
Relations between Angola and Belgium date to 1928, when the latter opened a consulate in the then Portuguese colony and when the Belgian company Fina Petroleum began extracting oil, subsequently building the Luanda refinery. (macauhub)