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Indonesia, Angola to expand trade, investment
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Indonesian Industry Minister Airlangga Hartarto (left) gives a token of appreciation to Angolan Foreign Minister Georges Rebelo Pinto Chikoti after a meeting at the ministry's office in Jakarta on April 12.
(Courtesy of/Industry Ministry)
I
ndonesia and Angola officials have met to discuss ways to boost their economies through trade and investment, especially in the industrial sector.
Industry Minister Airlangga Hartarto urged local businesses to expand trade to Angola, especially for transportation, defense and electronics equipment, expecting to see more gainful trade between the two countries that was worth about US$292.8 million last year.
“Angola can be the central spot for us to promote industrial products to western Africa,” he said during a meetings with Angolan Foreign Minister Georges Rebelo Pinto Chikoti and delegations on Wednesday.
The ministries exchanged information on investment regulations in their respective countries. “We hope there will be further commitments to cooperate comprehensively to develop each other’s economies,” Airlangga said.
Indonesia's government offered some products, including locally made airplanes, military passenger transportation, sea vessels and train cars all made by state firms.
Angola, meanwhile, asked for training assistance to increase its production capacity in textiles and food from Indonesia, just like the archipelago had given to Nigeria and Mozambique previously.
In the meeting, the African minister also invited Indonesian investors to invest in Angola's fishery, agriculture, mining, infrastructure, food and mineral sectors.
Diplomatic relations between the two countries started in 2001. Angola is Indonesia’s third biggest trade partner in Sub-Saharan Africa after South Africa and Nigeria. Indonesia’s main exports include iron pipes, soap, zinc, fire lighters, vehicles, margarine, processed fish, pharmaceuticals, paper and palm oil.
Angola, meanwhile, exports mostly oil and gas. (ags)
