Under the memorandum, both sides are obliged to give priority to cooperation in the agricultural sector.
According to Expansão, the chinese business community invited Angola to display a list of products that can be sold on its market and another with demand for Chinese products in Angola.
The memorandum, besides making it possible to take products 'made in Angola' - such as coffee, bananas, cassava, among others - to the Chinese market, will also make it possible to attract new Chinese investments to Angola.
Moreover, the agreement also involves the promotion of Angolan companies in the China-Africa Deep Economic and Trade Cooperation Pilot Zone.
However, China will also play an active role in the area of technology. The Asian country will help benefit technology transfer, with a view to promoting investment between the Angolan Chamber of Commerce and Industry (CCIA) and the China-Africa Economic and Trade Cooperation Innovation Demonstration Park.
The memorandum was signed Wednesday by the president of the Angolan Chamber of Commerce and Industry (CCIA), Vicente Soares, and the secretary-general of the Chinese Chamber of Commerce of Hunan in Angola, Chen ZhenYu.
Cited by Expansão, Vicente Soares said that the partnership "also aims at the transfer of technology, exchange of experience, training and promotion of trade, with the intention of encouraging the export of more products from the Angolan countryside to China".
The president of CCIA said that the agreement addresses several economic competences, considering that the China-Africa Economic and Trade Cooperation Innovation Demonstration Park is "a pilot free trade zone of extreme importance" for the exhibition of various national products in the Chinese market.