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Tue, 08 Oct 2019 17:31 - Updated Tue, 08 Oct 2019 17:31

Chamber promotes agricultural product exporting

Luanda - The Angolan / United Arab Emirates (UAE) Chamber of Commerce and Industry, whose action plan was launched today (Tuesday) in Luanda, will promote the export of Angolan agricultural products, wood, marble and granite, aimed at balancing trade between the two countries, which is around 237 billion kwanzas.

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Vando Matias - Coordinator of the installing commission of the Chamber of Commerce and Industry

Photo: Gaspar dos Santos

According to the chairperson of the Chamber, Vando Matias, who was speaking at the launching ceremony of the action plan, one of the institution's objectives is to balance the balance of payments within mutual opportunities, with Angola importing 169 billion kwanzas from the UAE and exports 68 billion kwanzas.

For him, these figures are low, given Angola's potential to sell its products to the third largest economy in the Middle East and opportunities to attract foreign investment.

“The chamber will do a lot of work to increase the amount of Angolan products to be exported to the UAE and to attract direct investments from this country to Angola,” he said.

He added that "there are currently four companies operating in the country in the sectors of industry, agriculture, technology and aviation, a number that will increase in the near future due to their appetite to invest in Angola."

Angola exports only diamonds to the United Arab Emirates, a trend that will be reversed as the chamber wants a significant weight on the agenda of products elected by the Government for export.

One of the steps to be taken is the promotion, from 2020, of an exhibition of various products, especially agricultural, for the “big” Emirates trade chains, at the great Expo Dubai 2020 Fair, which will be held for six months.

Within the framework of the relations established between the two countries, the chamber wants to “drag” direct investment from the Emirates and promote the export of agricultural products, wood, marble and granite to that country.

Tags Economy  

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