Angola and Brazil sign agreements to facilitate investments

2 April 2015

Angola and Brazil Wednesday in Luanda signed a cooperation agreement to facilitate investment and a memorandum of understanding to promote investment in industry, agriculture, energy and services, Angolan news agency Angop reported.

Both documents were signed by the Ministers of Foreign Affairs of Angola, Georges Rebelo Chikoti, and Brazil, Luiz Mauro Vieira, who is on a three-day visit to Angola.

The Angolan minister said the memorandum of understanding for the promotion of investments also includes projects that promote the growth of bilateral trade, provision of services and partnerships in industry, agriculture and energy.

Chikoti said the documents were intended to make the economic climate more attractive and conducive to a joint working relationship, both in the public and private sectors, in line with the development of the two countries and the opportunities for South/South cooperation.

Vieira said, in turn, the signing of the two agreements was a sign of 40 years of good relations and recognised the “importance of Angola in the formation of Brazilian society.” (macauhub/AO/BR)