Seoul:Angola's Ambassador to South Korea, Sianga Abílio, has called on the South Korean government to reconsider its tariff policies on products from African nations, with the aim of boosting trade between the two regions.
According to Angola Press News Agency, the ambassador made his remarks during a meeting with African ambassadors accredited to South Korea, organized by the Korea Importers Association (KOIMA). He emphasized the necessity of creating more favorable conditions for accessing the South Korean market.
Sianga Abílio suggested that reducing or adjusting customs duties and charges could help lower export costs, increase the competitiveness of African products, and ultimately enhance trade between African countries and South Korea. He advocated for a more balanced and inclusive trade approach that considers the specific economic circumstances of African nations, which could transform the continent's production potential into tangible business, investment, and economic development opportunities.
Additionally, the ambassador highlighted the abundant natural resources, fertile land, and significant agricultural potential in Africa as key opportunities for deepening economic and trade ties with South Korea. He invited South Korean businesspeople and investors to explore opportunities in Angola, citing the country's rich biodiversity, arable land, and strategic mineral resources, which are vital for various industrial production chains, including those that manufacture South Korean products known internationally.
Angola's participation in the meeting provided an opportunity to showcase the country's economic potential, attract South Korean investment, and explore new avenues for cooperation in agriculture, mining, industry, and trade, thereby fostering stronger economic and commercial relations between Angola, South Korea, and the broader African continent.
