News Reality

Angola, China strengthen cooperation after signing new agreement

by www.portalangop.co.ao
Macau - Angola and China signed Tuesday in Macau a technical and economic cooperation agreement aimed to boost the existing bilateral relations between the two countries. ,

 

This was ahead of the 5th Ministerial Conference of Forum for Economic and Trade Cooperation between China and Portuguese Speaking Countries, opened Tuesday in Macau.

 

The agreement was signed by the Angolan Economy Minister Abrahão Gourgel and Chinese Trade minister, Gao Hucheng.

 

After signing the accord, the Angolan minister, Abrhão Gourgel, spoke to Angop of the importance of this agreement.

 

According to him, China is a partner with which Angola has a historic relationship of support for reconstruction and diversification process of the economy.

 

The minister said this tool will facilitate the investment process of the China's private companies in Angola.

"We are talking about the China's direct investment of private companies," he explained.

 

The official noted that this process will enable the creation of business partnerships between Chinese private companies and Angolan firms, in addition to deepening of actions at the level of public sector (public companies), development programmes, financial support.

 

The minister announced an economic business forum for November with Chinese and Angolan companies, noting that such a forum will mark the beginning of a new Chinese private investment stage in Angola.

 

With the holding of forum in November in Luanda , he said, the Government intends to sign an agreement on  promotion and reciprocal protection of investments.

 

In addition to Angola, the Asian Giant has signed cooperation agreements with Guinea-Bissau, Mozambique, Cabo Verde and East Timor aimed, among others, to partially right off debt.

 

The event was opened by Chinese Prime Minister Li Keqiang, who announced 18 new measures to strengthen cooperation with the Portuguese Speaking African countries.

 

A business meeting was also scheduled to take place Wednesday between Chinese entrepreneurs with counterparts from the Portuguese Speaking Countries.

 

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