Ver Angola


Angola wants to expand trade with Turkey to more than 1 billion dollars

Angola and Turkey have a turnover of 250 million dollars, which is intended to be expanded to over 1,000 million dollars, the business source announced this Monday.

: João Lourenço e o seu homólogo turco, Recep Tayyip Erdogan
João Lourenço e o seu homólogo turco, Recep Tayyip Erdogan  

The information was transmitted this Monday by the chairman of the board of directors of the Angola and Turkey Chamber of Commerce and Industry (CCIAT), Fernando Filó, praising the "new era of strategic partnership" between both countries, as part of the President's visit Turkish to Angola.

Recep Tayyip Erdogan, who arrived in Luanda this Sunday, will begin his official visit to Angola as of this Monday, and is expected to meet with the President, João Lourenço, visit some institutions and participate in a business forum.

Speaking to Lusa, Fernando Filó said that the presence of the Turkish statesman in Angola represents that both countries "keep one of the most strategic partnerships, which should be consolidated in the strengthening of bilateral cooperation", after João Lourenço visited Turkey in less than two months.

"And we are very happy with this visit. Today we have a turnover of 250 million dollars, but our intention is to increase in the coming years to more than one billion dollars", underlined the president of CCIAT.

According to the business leader, Angola exports oil products to Turkey "and, at the moment, he stressed, efforts are underway to export to that country other potentials such as marble and agricultural products".

Although Angola "does not yet have large-scale investments" in Turkey, he explained, the African country imports from that country mainly textile products, namely clothes, rugs and products from the furniture sector.

A business forum between Angolan and Turkish investors is scheduled for this part in Luanda, where João Lourenço and his counterpart Recep Tayyip Erdogan are expected to attend.

For Fernando Filó, the meeting will "be cemented the agreements recently signed in Ankara" and Angola will also "show the potential it has to attract more Turkish investment".

"And it implies that, on the part of Turkey, there is every need for them to look at our country as an economic potential, because Angola needs sustainable investment in the agricultural, fisheries, transport, energy and water sectors, and others," he noted.

"In other words, we need manufacturing industries to employ a considerable number of young graduates who need jobs and I think this cooperation has come at the right time," he stressed.

The CCIAT leader also said that both countries have had bilateral relations and cooperation since 1991, but now he reaffirmed, "we are in a new era".