Angola set to Increase Export Capacity

The Angolan government has taken steps to increase revenues from export by stimulating production in other sectors of the economy outside oil.

Consequently, the Ministry of Commerce has earmarked the export of goods and services as a pillar to boosting the country’s participation in regional and international trade.

According to the minister of Commerce, Fiel Constantino, the country is carrying out actions to address the poor economic situation caused by steep fall in oil prices.

He disclosed this last Thursday at the First Conference on Exports in Angola, stressing that the establishment of the Agency for Investment Promotion and Export Angola (APIEX) is a Government commitment to create mechanisms to support for process of exports and internationalisation of the Angolan companies.

The minister also said that the conference on exports aims to address cross-cutting issues, with a view to accelerating the sector programmes aligned with the strategy for overcoming the crisis.

On Exporter Fair “Export Angola”, which coincide with the conference, he said that is an evidence of the potential of Angolan companies committed to produce for export.

Sponsored by APIEX, the First Conference on export in Angola gathers over 400 guests, including government officials, financial institutions, private investors, business associations and exporters.

The opening ceremony was chaired by Vice President of Republic, Manuel Domingos Vicente.

Source: Footprint to Africa

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