6 December 2012

Angola: U.S. Business People Invited to Invest in Angola

Luanda — The US embassy in Angola is committed to mobilising the American entrepreneurs in order to invest in the Angolan market.

This was said to the press on Thursday in Luanda by the US ambassador to Angola, Christopher Mcmullen, at the end of audience granted by the Angolan Minister of Geology and Mining, Francisco Queiróz.

Christoher Mcmullen said that he discussed with the Angolan official the possibilities of US invest in the national mining sector.

Thanking for the comments made by Angola in the last meeting on kimberly process in Washington, the diplomat said that Angola has been playing a key role in the artisanal workgroup, a group that ii considered important in Kimberly process.

According to him, he travelled three times during this year to South Africa to discuss with US companies the possibility of investing in Angola.

On his turn, minister Francisco de Queiróis has said recently in Washington that the Diamond sector in Angola is recovering after the European crisis in 2011 and international financial crisis 2008.

Francisco de Queiróis said that Kimberly Process exists for 10 years and it is a tool with a great incidence that has been showing a lot of efficiency and safety in relation to the diamond industry, thus contributing to stabilization of the diamond market".

The Kimberley Process started when Southern African diamond-producing states met in Kimberley, South Africa, in May 2000, to discuss ways to stop the trade in 'conflict diamonds' and ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments.

In December 2000, the United Nations General Assembly adopted a landmark resolution supporting the creation of an international certification scheme for rough diamonds. By November 2002, negotiations between governments, the international diamond industry and civil society organisations resulted in the creation of the Kimberley Process Certification Scheme (KPCS).

The KPCS document sets out the requirements for controlling rough diamond production and trade. The KPCS entered into force in 2003, when participating countries started to implement its rules.

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