Angolan government works to ensure country’s competitiveness

Luanda – Angola’s Minister of Commerce Joffre Van-DA�nem JA�nior said on Wednesday that the Executive is working on the inclusion of Angola in the African context, as a strategic option for broadening economic and trade relations with counterparts in the continent.

The minister said so at the opening of the workshop on Angola’s Investment Policy Review.

He explained that the efforts translate into one of the country’s objectives and part of the economic development model of the Long Term Strategy (ELP) – Angola 2025, which aims to integrate the economy into the world market.

The minister added that at this “very particular” moment in the economy, with efforts focused on reduction of the state’s role in the economy by creating a private sector, methodologies should be developed to boost Angola’s socio-economic development.

Joffre Van-DA�nem JA�nior also pointed to the need to increase productive capacity, improve access conditions to national generic markets, as well as a set of requirements including investment in technology, infrastructure and human capital.

“It is in this pace the government is backing the growth of private investment, both domestic and foreign,” he said.

On the other hand, the head of the cooperation of the European Union (EU) delegation in Angola, Manuela Navarro, reaffirmed the institution’s commitment to make the efforts in the Africa/Europe alliance for sustainable business investments.

This link, he said, aims to stimulate investment among African countries by attracting more private investors, investing in people through education and skills development to ensure employability as well as foster economic and trade integration by improving the business climate.

Source: Angola Press News Agency