At the end of the meeting with Chinese ambassador, Gong Tao (pictured above next to Angolan President João Lourenço), the Angolan Minister of Economy and Planning, Mário Caetano João, said that China represents a strategic partner in difficult times for the national economy and that relations between the two countries will be geared towards development, with a focus on strengthening training staff.

The minister mentioned that China has extensive experience in the creation of Free Trade Zones, an area of ​​competitiveness that Angola seeks to develop.

Angola accelerates plan to repay USD18 billion debt to China

China’s participation in the privatisation programme and in the digitalisation of the Informal Economy Reconversion Programme was also discussed, where it was also decided to have a ​​”China’s Day” during the Luanda International Fair that could be “a platform to attract important entrepreneurs to Angola.”

“China has made a unilateral offer for the quota-free entry of Angolan products and we will work with national entrepreneurs to identify which products, and in what quantities, would be able to enter the Chinese market,” he said.

In addition to offering quota-free products to the Chinese market, Angola and China are also studying other non-tariff measures of a sanitary, phytosanitary and technical nature.

Angola and China vow to strengthen cooperation

He pointed out that Angola exports oil, minerals and forest resources to China, but there is a tendency to diversify exports, albeit in very small quantities.

As for Angola’s debt with China, the minister stressed that it stands at USD 20 billion.

The two leaders also agreed to hold a public-private business forum for Chinese companies in Angola and all those interested in investing in the country.