Angolan firms ought to wager on Portugal as gateway to Europe -government officers

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Attracting extra Angolan firms and traders to Portugal, which can be a gateway to Europe, is the widespread purpose of the 2 international locations, which intend to revive the creation of the Portugal-Angola Funding Observatory.

The intention was expressed by the Secretary of State for the Financial system, João Neves, after a gathering along with his counterpart, Ivan dos Santos, the place the strengthening of cooperation between the 2 governments in financial issues was highlighted.

Neves famous that though the presence of Portuguese firms was already “very sturdy,” it ought to be boosted. Cooperation must also enable Angolan firms to wager on the Portuguese market as a gateway to Europe, with benefits for each international locations.

Attracting more Angolan companies and investors to Portugal, which may be a gateway to Europe.
Attracting extra Angolan firms and traders to Portugal could also be a gateway to Europe. (Picture: web replica)

The governor, who’s in Angola with a delegation of Portuguese enterprise folks linked to clothes and footwear, in addition to representatives of the Institute of Welding and High quality (ISQ), which is able to inaugurate new services of its related ISQApave, mentioned that there’s the potential for materializing investments in a number of areas.

“We have now every thing to do. We have now wonderful relations, however there may be plenty of work that we are able to accomplish that may enable the relations between the 2 international locations to be even stronger,” mentioned João Neves.

He added that one of many areas wherein he would love “to collaborate each within the clothes and footwear trade is vocational coaching,” noting that Portugal has expertise in these two sectors.

“We’re effectively conscious of the rules of the Angolan authorities on financial diversification, however we additionally know the difficulties that every one international locations have by way of human sources with the suitable coaching for these processes,” he pressured.

However, though commerce exchanges have elevated by 50% within the final 12 months, they’re nonetheless beneath the pre-pandemic degree.

“Angola is Portugal’s third commerce accomplice outdoors the European Union; it’s clearly a precedence to strengthen the financial presence of Portuguese firms right here and Angolan investments in Portugal,” he insisted.

Ivan dos Santos was additionally assured in growing the variety of Angolan firms and traders in Portugal and Europe.

“We’ll see and research the chance with Portugal, being a member of the European Union, to ensure that our Angolan firms and traders can really feel snug within the European market,” he pressured.

One of many factors addressed on the assembly was the creation of the Portugal-Angola Funding Observatory to judge the 2 international locations’ funding flows, which resulted from an settlement signed in 2015.

“It was stopped as a result of agenda points and the pandemic difficulty itself, however we intend that the technical groups resume work and that Angola can profit from this relationship it has with Portugal and Europe,” mentioned the Angolan secretary of state, admitting that later this 12 months technical conferences might be ready to proceed the work.

Ivan dos Santos identified that Angola presently has a extra diversified financial base, shouldn’t be completely based mostly on oil manufacturing, and is due to this fact ready to take nationwide manufacturing to the European market, with precedence to agribusiness.

With data from Lusa

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