Angola and Brazil plan to sign industrial cooperation agreement

12 February 2014

The governments of Angola and Brazil may soon sign a protocol of cooperation for the industrial sector as a way of covering the lack of regulation of joint initiatives in manufacturing, Angola’s Minister for Industry said Monday.

At a working meeting of the Minister for Industry, Bernarda Gonçalves Martins and a delegation of representatives of the Brazilian government and businesspeople, the two sides were unanimous about the need for a protocol in this area.

Cited by Angolan news agency Angop, the Angolan minister said that it was “opportune and urgent” to establish a protocol for the industrial sector as, she said, “the instrument will make investment easier, both for Angolans in Brazil and Brazilians in Angola.”

The idea was backed up by the director of Brazil’s Department for Trade and Investment Promotion, Henrique Azevedo de Ávila, who noted “good trade relations” as well as technical cooperation between the countries, but said it was important to start afresh in two-way cooperation.

The Brazilian director noted the interest of Brazilian investors in the Angolan market and the importance of cooperation between businesspeople from both countries to the economic diversification process.

Technical cooperation between Angola and Brazil began in 1980 when the two countries signed an Agreement for Economic, Scientific and Technical Cooperation. (macauhub)