Chairman of the Angolan Chinese Chamber of Commerce: Looking forward to deepening trade cooperation between Angola and China in Africa | Expo | Trade
Luanda, June 30 (Xinhua) - Luis Kupenala, President of the Chinese Chamber of Commerce in Angola, recently stated that the China Africa Economic and Trade Expo is an important showcase for Africa to the world and an important opportunity for African countries to strengthen friendly relations with China.
The 3rd China Africa Economic and Trade Expo opened in Changsha on the 29th. Kupenala said that the Angolan government attaches great importance to this expo and hopes to take this opportunity to deepen bilateral trade cooperation. The Angolan delegation is led by the Minister of Industry and Trade, and more than ten Angolan companies are exhibiting in China.
According to Chinese customs statistics, Angola has become China's second largest trading partner in Africa. In 2022, the bilateral trade volume between the two countries reached 27.34 billion US dollars, a year-on-year increase of 16.3%. Kupenala believes that there is still enormous room for expansion in economic and trade cooperation between Angola and China. The "Ten Major Cooperation Plans" proposed by the Chinese side are highly compatible with Angola's national development plan, especially in the areas of industrialization and agricultural modernization.
"Angola hopes to break free from the shackles of the oil economy by developing manufacturing and agriculture," Kupenala said. Currently, Angola has close trade cooperation with China, and "China's advanced technology and industrial experience have promoted the development of Angola's non oil industry.".