4 December 2012

Angola: Trade With Spain Reached 1.000 Million Euros in 2011

Photo: Flickr
A cargo ship passes through the Suez Canal, a vital link in world trade, and contributes significantly to the Egyptian economy.

Madrid — Trade between Angola and Spain reached 1.000 million Euros in 2011, a figure that is far below the potential of the two economies, said the Angolan ambassador to Spain, Victor Lima.

The diplomat said so during an interview to the local news agency (Efe) on the eve of the visit of the Spanish Foreign minister, José Manuel Garcia-Margalo, to the African country, on December 11-12 this year.

Victor Lima added that the Angolan businesspeople also want to invest in that European country, stating that the above mentioned amount must grow.

The diplomat recalled the existence of a Spanish credit line for Angola worth 500 million Euros, through which the African country has been running projects in the areas of fisheries, construction and others.

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