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Portuguese minister highlights Angola's exports to Portugal

Luanda, ANGOLA, February 16 - The exports of Angola to Portugal have grown considerably in recent times, a fact that makes the bilateral co-operation balanced, said last Friday in Luanda the Portuguese Foreign minister, Augusto Santos Silva.,

Speaking to the press, the Portuguese diplomat deemed positive the balance of trade between the two countries and expressed the wish to see the exports of Portugal to Angola regain the dynamics they had a few years ago.

 

Augusto Santos Silva arrived in Luanda last Thursday with the aim of preparing the visit of the Portuguese Head of State to Angola, which is scheduled for this March 05.    

 

According to Augusto Santos Silva, the Portuguese firms are ready to increase investment in Angola, adding that this is an opportunity for both sides to generate profits in the ambit of the bilateral co-operation.

 

On his turn, the Angolan Foreign Affairs minister, Manuel Augusto, is of the opinion that the visit of his Portuguese counterpart opens a new cycle in the bilateral relations, whose first page was opened with last year’s visit to Portugal of the Angolan Head of State, João Lourenço.

 

Angola and Portugal established diplomatic relations on March 09, 1976.

 

In the economic domain, Portuguese firms have a considerably noticeable presence in the Angolan market, mainly in sectors like construction, banking, foodstuffs and beverages.

 

Angola, on its turn, is one of the main private investors in Portugal, being involved in that European country in areas like energy, telecommunications and banking.

 

Both governments have agreements on air transport with a view to increasing the number of connections between the two countries, as well as a cooperation protocol between the Public Debt Management Unit and its Portuguese counterpart, the Treasury and Public Debt Management Agency (IGCP).

Angola and Portugal sealed last year the new 2018/2022 Strategic Cooperation Programme and an agreement on "mutual administrative assistance in tax matters" - the latter related to the introduction of VAT in Angola.

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