Angola committed to strategic partnership with Spain

  • Minister of Commerce and Industry, Victor Fernandes
Madrid - Angola is committed to re-launch of strategic partnership with Spain, a country with which it maintains excellent cooperation relations, the minister of Commerce and Industry, Victor Fernandes, has said.

 

Victor Ferandes said this to the press on Monday in Madrid, as part of the President João Lourenço’s visit to the Spain, at the invitation of the President of the Spanish government, Pedro Sanches.

The minister Victor Fernandes revealed the country’s intention to diversify and increase the trade and investment relationship with the Kingdom of Spain.

"Spain is a large economy and its companies have great capacity. At this stage, the Angolan market offers a guarantee of stability in terms of attracting investments," said the minister.

He said that at this time not many countries on the African continent have a privileged destination for attracting investments like Angola.

"Therefore, what we have effectively come to do is to make Spanish investors aware of the conditions that Angola offers, so that this investment can be made in the shortest time possible," he said.

He defended investment in the fields of agribusiness, industry and commerce, adding that Angola has, for some time, a relationship with Spanish businessmen linked to the food distribution and production sector.

The official recalls that Spanish investment in Angola has not started now, noting that what is needed now is to diversify and increase it. "The trade balance is unbalanced and, interestingly, tipped in favour of Angola. This means that Angola exports more to Spain than what the European country does," the official noted

Victor Fernandes said it was necessary for the other part of the Angolan economy, the non-oil, to increase its figure in terms of relations with Spain.

Angolan ambassador highlights relationships

The Angolan ambassador to the Spain, José Luís de Matos, highlighted the "excellent relations" that Angola maintains with that country on the Iberian Peninsula and the European Union.

"Spain is a country with which Angola has excellent relations and we intend to maintain them," stated the diplomat.

Angolan diplomat said that the presidential delegation includes several ministers, who will review the various cooperation agreements signed a long time ago and others during the visit that the President of the Spanish government recently made to Angola.

The visiting presidential delegation includes, in addition to the minister of Foreign Affairs, Teté António, the ministers of Finance Vera Dalves, Interior Eugénio César Laborinho, and Trade and Industry Victor Fernandes.

Visiting programme

Angolan Head of State, João Lourenço, accompanied by the First Lady, Ana Dias, arrived on Sunday (26) in Madrid, Kingdom of Spain, for a two-day official visit, the first of the kind to this European country since he took office.

The state visit starts on Tuesday (28), with President João Lourenço to hold a meeting with King Filipe VI of Spain, at the Zarzuela Palace, in morning.

On the same day, the Angolan Head of State will meet with the President of the Spanish Government, Pedro Sanchez.

According to the work schedule, at the end of the morning, President João Lourenço, along with his delegation, will participate in lunch offered by King Filipe VI of Spain.

On Wednesday, the Head of State will visit infrastructures and institutions based in the Spanish capital.

With this agenda, the Angolan statesman will conclude another intense diplomatic activity abroad, which also included Washington and New York (USA).

President João Lourenço arrived Sunday night in Madrid, coming from the US, where he participated in 76th session debate of the UN General Assembly.

The initial stage was in Washington, where he received the awarded in recognition of his effort focused on environmental protection.

Bilateral relations

The cooperation relations between Angola and the Kingdom of Spain are based on the General Cooperation Agreement signed on May 20, 1987, and the Complementary Agreement to the General Agreement signed in November 1987.

Cooperation between the two countries has intensified in the business sector. Spain currently has more than 60 companies operating in Angola in various sectors.

They include energy, banking, construction and agriculture.

 

 

Victor Ferandes said this to the press on Monday in Madrid, as part of the President João Lourenço’s visit to the Spain, at the invitation of the President of the Spanish government, Pedro Sanches.

The minister Victor Fernandes revealed the country’s intention to diversify and increase the trade and investment relationship with the Kingdom of Spain.

"Spain is a large economy and its companies have great capacity. At this stage, the Angolan market offers a guarantee of stability in terms of attracting investments," said the minister.

He said that at this time not many countries on the African continent have a privileged destination for attracting investments like Angola.

"Therefore, what we have effectively come to do is to make Spanish investors aware of the conditions that Angola offers, so that this investment can be made in the shortest time possible," he said.

He defended investment in the fields of agribusiness, industry and commerce, adding that Angola has, for some time, a relationship with Spanish businessmen linked to the food distribution and production sector.

The official recalls that Spanish investment in Angola has not started now, noting that what is needed now is to diversify and increase it. "The trade balance is unbalanced and, interestingly, tipped in favour of Angola. This means that Angola exports more to Spain than what the European country does," the official noted

Victor Fernandes said it was necessary for the other part of the Angolan economy, the non-oil, to increase its figure in terms of relations with Spain.

Angolan ambassador highlights relationships

The Angolan ambassador to the Spain, José Luís de Matos, highlighted the "excellent relations" that Angola maintains with that country on the Iberian Peninsula and the European Union.

"Spain is a country with which Angola has excellent relations and we intend to maintain them," stated the diplomat.

Angolan diplomat said that the presidential delegation includes several ministers, who will review the various cooperation agreements signed a long time ago and others during the visit that the President of the Spanish government recently made to Angola.

The visiting presidential delegation includes, in addition to the minister of Foreign Affairs, Teté António, the ministers of Finance Vera Dalves, Interior Eugénio César Laborinho, and Trade and Industry Victor Fernandes.

Visiting programme

Angolan Head of State, João Lourenço, accompanied by the First Lady, Ana Dias, arrived on Sunday (26) in Madrid, Kingdom of Spain, for a two-day official visit, the first of the kind to this European country since he took office.

The state visit starts on Tuesday (28), with President João Lourenço to hold a meeting with King Filipe VI of Spain, at the Zarzuela Palace, in morning.

On the same day, the Angolan Head of State will meet with the President of the Spanish Government, Pedro Sanchez.

According to the work schedule, at the end of the morning, President João Lourenço, along with his delegation, will participate in lunch offered by King Filipe VI of Spain.

On Wednesday, the Head of State will visit infrastructures and institutions based in the Spanish capital.

With this agenda, the Angolan statesman will conclude another intense diplomatic activity abroad, which also included Washington and New York (USA).

President João Lourenço arrived Sunday night in Madrid, coming from the US, where he participated in 76th session debate of the UN General Assembly.

The initial stage was in Washington, where he received the awarded in recognition of his effort focused on environmental protection.

Bilateral relations

The cooperation relations between Angola and the Kingdom of Spain are based on the General Cooperation Agreement signed on May 20, 1987, and the Complementary Agreement to the General Agreement signed in November 1987.

Cooperation between the two countries has intensified in the business sector. Spain currently has more than 60 companies operating in Angola in various sectors.

They include energy, banking, construction and agriculture.