Brazil committed to building partnership with Angola

16 June 2014

The Brazilian government remains committed to building a partnership with Angola, the head of the Trade and Investment Promotion Department of the Brazilian Foreign Ministry stated on Saturday in Brasilia.

Rodrigo Arezo noted that both countries are working to successfully accomplish the National Development Plan drawn up by the Angolan government to diversify the economy and reduce dependence on the oil sector.

Meetings have been held at various levels to enable Brazil to participate in the economic growth, developing business partnerships and supporting the creation of groups, especially in the manufacturing industry, tourism and agriculture, he said.

Arezo explained that various agreements have been proposed, such as on institutional cooperation between Angola’s Ministry of Industry and Brazil’s Trade Ministry, as well as a memorandum of understanding to promote investment in industry, agriculture, services and energy.

Plans also call for the signing of a visa exemption agreement to facilitate movement of the two countries’ citizens, particularly entrepreneurs seeking partnerships, reducing the paperwork involved in travel.

Bilateral trade currently amounts to nearly US$2 billion, with Brazilian exports accounting for US$1.2 billion and the acquisition of Angolan products, essentially oil and natural gas, for the remaining US$800 million.

Angola’s ambassador in Brazil, Nelson Cosme, said in turn that the presidents of Angola and Brazil will on Monday review the bilateral agenda and the promotion of investments, besides dealing with issues of regional and international interest. (macauhub/AO/BR)