9 May 2014

Angola and China Sign Cooperation Accords

Luanda — Various accords of cooperation between Angola and China, with highlight to the exemption of visas in diplomatic and service passports, were signed this Friday in Luanda.

The legal tools were signed at the presence of the Angolan President, José Eduardo dos Santos and the Prime-Minister of the People's Republic of China, Li Keqiang, who is in Luanda since Wednesday for a 48-hour visit to the country.

The deals are related to economic and technical cooperation, changes of notes on supply of medical equipment and furniture to the Genersal Hospital of Luanda and credit, between the Development Bank of China and the Angolan Ministry of Finance.

The dela also includes documents related to the Framework of the cooperation on financing insurances, guaranteed by the Angolan Ministry of Finance and the Chinese company of SINOSURE, Memorandum of Understanding on Strategic Partnership between the Ministry of Finance and the Chinese Trade and Investment Bank, as well as the Accord on Credit to the Buyer of the agricultural exploration project of Cuimba.

The delegations also agreed on a credit for the rehabilitation and hydroelectrical development of Chiube/Dala and the respective power transportation lines in the region of Lunda Norte, besides the individual financing of the Economic and Financial Institute of the African Portuguese Speaking Countries (PALOP).

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