25 January 2013

Angola/China Cooperation Tends to Grow - Anip Jurist

The Angolan jurist of National Agency for Investment (ANIP) Flávio Inocêncio said that Angola-China relations have the potential to grow, judging by synergies between the two countries associated to the know how, Oil and access to the capital.

The ANIP expert said so when presenting the communication on Private Investment in Angola during a conference held in Beijing, China, intended to mark the 30 years of the establishment of relations between the two countries.

Sino-Angolan relations have the potential to grow, given the synergies between the two countries and the fact that Angola needs China's expertise and access to capital.

In its turn China is in need of oil, he said, recalling that his country is to export more oil to the East rather than to the United States.

In his speech, the jurist noted that most of the Chinese investment in Angola, dated from 2002 to 2012, was negotiated directly by the Angolan government, the International Fund Limited (CIF) and the Export-Import Bank of China (Eximbank).

The official stressed that the accords opened enormous credit lines for the country, after the end of war in 2002, placing China as one of the reasons for rapid recovery of Angola from destruction of war.

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