European Union contributes 11 million euros to support trade in Angola

3 December 2014

The European Union (EU) will support the Project to Support Angolan Trade, under the terms of a financing agreement of 11 million euros due to be signed Wednesday in Luanda, the delegation of the European Commission in Angola said.

In a statement, the delegation said the project intends to promote greater integration of Angola in the regional and global economy by promoting economic growth and sustainable development.

With the funding, which will be provided over four years, the EU wants to enhance local capacity to diversify the economy, as well as negotiate and implement multilateral and regional trade agreements. (macauhub/AO)