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Trade balance between Angola and Turkey strengthened

The trade balance between Angola and Turkey will be strengthened. The information was advanced by Nail Olpak, president of the Turkish Council of Foreign Economic Relations, who announced an increase in the trade balance with Angola, estimated at 500 million dollars.

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The official explained that the current figures of the trade balance between the two countries are far from the intended goals, fixing at US$178 million.

Nail Olpak also considered that the trade relations between both countries still do not show the real capacity of Angola and Turkey, arguing that it is necessary to strengthen investment.

Cited by Angop, the president of DEIK noted that more than US$800 million had already been invested in Angola, in several projects, by Turkish companies. However, the official said he believes that Angola and Turkey can still do more in terms of investment.

"We are friends, but bilateral trade does not show our potential," he admitted.

Speaking during the Business Forum between Angola and Turkey, the official also used the occasion to request a facilitation in obtaining visas for Angola.

He also made it known that the Turkish businessmen will work to strengthen the cooperation between the two countries, which now will be more consolidated with the signing of 10 new agreements.

Signing of an agreement to create a Business Council

On Wednesday, DEIK and the Agency for Private Investment and Export Production (AIPEX) signed an agreement aimed at creating a Business Council.

According to Angop, the council will serve to bring Turkish and Angolan business closer. It also intends to facilitate meetings in both countries, in an intercalated manner, estimating to hold at least two meetings each year.

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