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Tue, 06 Mar 2012 19:10 - Updated Wed, 07 Mar 2012 10:36

Angola's exports reached over USD 60 billion in 2011


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Diamonds, one of Angola's exports

Luanda - Angola's exports reached USD 60.9 billion, while the imports stood at around USD 21.14 billion in 2011, said Tuesday the chairperson of the Board of Directors of the National Private Investment (ANIP), Maria Luisa Abrantes.

The manager released the information while introducing the Argentine businessmen, who are in the country for business, legal and fiscal framework policies on private investment in Angola.

According to the official, Angola's exports included oil, diamonds, coffee, fish and sisal, while the imports restricted to machinery, electrical equipment, vehicles and parts, foodstuffs, textiles and others.

Maria Abrantes said that the Argentine entrepreneurs in Angola need investments in different sectors, with stress to hydroelectric field.

In this context, underlined that agriculture is the growing sector, which after the peace achieved in 2002, has contributed about 13.9 percent to Gross Domestic Product (GDP) in 2009.

Regarding the need for local investment, said that government approved USD 16 billion for the Public Investment Programme (PIP) to fund two thousand projects related to the promotion and development of the country.