Luanda receives first Angola/Portugal business forum

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

The Angolan Economy Ministry, in partnership with the Portuguese Embassy and the AICEP delegation in Luanda will be the responsibles for the organization of this event.

“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’,” AICEP declared, adding that the aim is “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 involving 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.

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