Angola, Zambia Industry Ministries to sign MOU on Cooperation

The Industry Ministries of Angola and Zambia are negotiating to sign a memorandum of understanding (MoU) soon, ANGOP reports.

The information was made known by Angolan minister of Industry, Bernarda Martins, at the end of a meeting she had with her Zambian colleague, Margaret D. Mwanakatwe.

Bernarda Martins said that the MoU will mainly focus on institutional support and private business.

The two officials also discussed issues concerning the development of both countries, especially the manufacturing industry.

According to the Angolan minister, Angola has offered to provide the necessary assistance to have those industries established in the country.

The agreement offers a rise in trade and creation of a free trade zone that facilitates exchange between the two countries.

She added that trade between Angola and Zambia is estimated at $8.0 million, which she described as very little for both countries, which necessitated the need for a deal to increase it.

The Zambian official listed agriculture, development of road and railways infrastructure as the top priority for cooperation.

Mwanakatwe has so far met with the local Commerce minister, Rosa Pacavira, and visited the Angola Investment and Export Promotion Agency (APIEX) and expected to visit the Special Economic Zone, in Luanda, before returning to her country.

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