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Trade

Trade between Angola and Brazil is now worth three times less than in 2008

Brazilian businesspeople in Angola want to boost trade between the two countries, which will represent 1.2 billion dollars in 2022, around three times less than the 4 billion euros reached in 2008.

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The promise of intensifying trade relations between the two countries was expressed this Tuesday by the president of the Association of Brazilian Businessmen and Executives in Angola (AEBRAN), Raimundo Lima.

According to the official, who was speaking at the opening of the Brazil-Angola Relationship Symposium, part of the 14th Brazil Week in Angola, which took place in Luanda, the association will be increasingly focused on the integration of the two countries and the two peoples.

"And, for this, we have sought, above all, partnerships, representation, information and also social responsibility, which has been developed over these 20 years, despite some difficulties at certain times", he said.

For Raimundo Lima, the action of the Angola Brazil Chamber of Commerce, which he also presides, should also intensify commercial relations between the two countries.

The need to boost trade relations between Angola and Brazil was highlighted by the president of AEBRAN, recalling the peak of trade flows in 2008 when it reached 4 billion dollars, reaching 1.4 billion dollars in 2022.

"A significant drop and we want to make our small contribution, both the Brazilian business association and the Angola Brazil Chamber of Commerce, to change the situation", he noted.

The Brazil-Angola Relationship Symposium, which also celebrates AEBRAN's 20th anniversary, addressed Angola's economic perspectives and bilateral relations with Brazil and the development of sustainable agriculture in Angola.

For his part, Brazil's ambassador to Angola, Rafael Vidal, said, in his speech, that the meeting, which also celebrates the 201st anniversary of Brazil's independence and the recent visit of the President of Brazil, Lula da Silva, to Angola, aims to solidify Brazil's "fraternal" relationship with Angola.

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