Angola and China sign two agreements in Luanda

9 May 2014

Angola and China Friday are due to sign two agreements as part of the official visit by Chinese prime Minister Li Keqiang to Angola, where he arrived Thursday on the third leg of an African tour that also took him to Ethiopia, Nigeria and I due to end in Kenya.

The agreements, one for suppression of diplomatic visas between the two countries and the other focused on the financial sector, will be signed at the Presidential Palace following a meeting between Li Keqiang and Angola’s President José Eduardo dos Santos and official talks between the two delegations.

On Thursday, the first day of the visit, focused on Chinese citizens and companies, wit a visit to the city of Kilamba Kiaxi, built by Chinese company Citic Construction Co., a meeting with Chinese businesspeople and with Chinese embassy staff and the Chinese community residing in Luanda.

On his arrival in Angola the Chinese Prime Minister was met at Luanda airport by the Angolan Vice President, Manuel Vicente, and the Angolan Foreign Relations Minister, Georges Chikoti and Chinese diplomats.

In 2010 the two countries set up a strategic partnership, with China providing credit lines and Angola paying them off with oil, which led to two-way trade increasing by over 2,000 percent between 2002 and 2012. This increase in trade made Angola China’s second-largest trading partner amongst the eight Portuguese-speaking countries.

According to official figures trade between the two countries totalled US$35.91 billion in 2013, with China selling products to Angola worth US$3.96 billion and buying goods totalling US$31.94 billion. (macauhub/AO/CN)