Angola wishes to intensify cooperation with India

 

Business Opportunities between Angola and India 

Angola's minister of Foreign Affairs Téte António in Luanda expressed the country's wish to intensify cooperation with India, in order to turn economic opportunities into a strong and win-win partnership. Speaking at the opening of the Virtual Conference on “Business Opportunities between Angola and India”, the minister announced the holding of the first meeting of the Angola-India Joint Commission on the 7th September, aimed to strengthen relations.

He defended the need for greater interaction between the trade associations of the two countries, with emphasis on national and international financial institutions, in order to facilitate the granting of credit lines, for structuring projects. 

These credit lines, according to the minister, will serve to promote productive and commercial activities, taking into account the Angolan Executive's objective of reducing imports and increasing exports.

"Despite the countless challenges experienced due to the current international economic and financial context, we believe that the need to transform the notion of crisis into opportunities is paramount, which also entails greater interaction between the trade associations of the two countries," he said.

India, he added, is an important player in the world economy and international politics, as it is necessary to be closer to that country, which can bring many comparative advantages in several sectors including diamonds, with emphasis on the technological field! The event was attended by the director of Credit Lines for Eximbank India, Saroj Khuntia, the secretary general of the Chamber of Commerce Angola-India.

Also attended the meeting were the president of the Industrial Association of Angola and representatives of the sectors of banking, investment, industry, trade.