First Angola/Portugal business forum held in Luanda on 23 June

26 May 2015

The first Angola/Portugal business forum, announced by the governments of both countries, will be held on 23 June in Luanda, according to information from the Portuguese Agency for Investment and Foreign Trade (AICEP).

The organisation of this first edition of the forum set up by the two countries will be the responsibility of the Angolan Economy Ministry, in partnership with the Portuguese Embassy and the AICEP delegation in Luanda.

“It will focus on business opportunities in the process of industrialisation and diversification of the Angolan economy under the theme ‘Together in the diversification of the economy’,” said AICEP, adding the aim was to “promote business opportunities in both countries” and the “establishment and deepening” of partnerships between Angolan and Portuguese companies.

The forum will take place at the same time as the 32nd International Luanda Fair (21-26 June), the largest event of its kind in the country and usually involves around 100 Portuguese business owners.

More than 9,000 Portuguese companies currently export to Angola and around 2,000 Angolan companies involve Portuguese investors, according to figures from AICEP.

In 2013, trade between the two countries amounted to 7 billion euros and of this total 3.1 billion were for goods exports and 1.4 billion euros for export of services, in both cases from Portugal to Angola. (macauhub/AO/PT)