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Angola-France trade volume reaches around US$4 billion

Luanda – The volume of trade and goods transacted, in the 2020/2022 period, between Angola and France, has reached around US$4 billion, with greater value for the southern African country, advanced the minister of State and head of the Civil Affairs Office of the President of Republic, Adão de Almeida.

A sum of US$2.9 billion, of that amount, are exports from Angola to France and US$1.1 billion from France to Angola, according to Adão de Almeida, who was speaking at the closing of the Economic Forum between the two countries, in an act witnessed by President Emmanuel Macron.

According to Adão de Almeida, French export infrastructures are still dominated by equipment from the oil industry, an action that is already starting to change to other areas, within the diversification framework.

Such diversification is based on the areas of health, education, consumer goods, electricity, cosmetics and others.

According to Adão de Almeida, the prospect is to increase business in the fields of agriculture, livestock, tourism, food products, within the framework of the Programme to Support Production, Diversification of Exports and replace of Imports (Prodesi).

Angola also wants to strengthen cooperation in new areas, with emphasis on logistics, production of medicines for human and animal care, finance, railway equipment, agribusiness and civil construction.

“That is why the forum is dedicated to launching a partnership between Angola and France in the agricultural and agri-food sector”, underlined Adão de Almeida.

Angola and France established diplomatic ties on February 17, 1976. The two countries also have cooperation relations in several areas.

Cooperation between the two countries saw new development after the official visit of President João Lourenço to France, on May 28, 2018.

Within the framework of bilateral cooperation, more than 70 French companies operate in Angola. Oil exports from Angola to France are around US$400 million.

France intends to change and deepen commercial relations with Angola, within the scope of the economic diversification underway in the country.

Priorities include issues related to industrialization, mainly in the fields of logistics, distribution and agribusiness.

Source: Angola Press News Agency