Ver Angola


Trade between Angola and Italy budgeted at 400 million in 2021

Last year, trade between Angola and Italy was valued at 400 million dollars, thus corresponding to an increase of more than 100 million dollars compared to the same period last year.


Of the global amount, 280 million dollars derived from the country's oil exports to Italian soil, while 180 million dollars represents imports of agricultural equipment and the country's manufacturing industry in this European country.

The information was revealed by Hélder Cardoso, vice-president of the Angola-Italy Chamber of Commerce and Industry (CCIAI), who was speaking to the press this Tuesday as part of the Angola-Italy Business Forum.

Cited by Angop, Hélder Cardoso envisaged the strengthening of financial collaboration between Angola and Italy with a view to diversifying Angola's exports.

The official, although he gave a favorable note to the macroeconomic reforms that are taking place in Angola, took the opportunity to invoke the fact that it is necessary to modify the fragility of the shortage of qualified professionals on enormous occasions to attract investment in the field of training of frames.

Andrea Penzo, responsible for the internationalization of Italian companies, expressed the interest of Italian businessmen in investing in Angola, depending on a favorable business climate.

Also quoted by Angop, he informed that the chamber of commerce took seven companies from Italy to the event, in a group of ten, with the aim of relating to the national business community and outlining the carrying out of Italian investments in Angola.

In the sights of Italian businessmen are the fields of Education, Manufacturing Industry, Agri-food, Renewable Energy and Oil and Gas, said the official, who did not reveal the amount available for investment in Angolan soil.

Cited by Angop, he also left a prediction that the investments will materialize next year, considering the previous analyzes already carried out by the companies, which have the advocacy of the chamber and embassies of the two countries.

The political and social balance as well as macroeconomic reforms were pointed out by the Italian ambassador to Angola, Cristiano Gallo, as reasons that drive Italian companies to invest in Angolan territory, writes Angop.

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