- African Growth and Opportunity Act
TRALAC - Trade Law Centre
You are here: Home/News/Article/Angola and US to sign general cooperation accord

Angola and US to sign general cooperation accord

Angola and US to sign general cooperation accord
Angolan ambassador, Josefina Pitra Diakité
Published date:
Sunday, 10 June 2007

A general accord for the expansion of trade relations between Angola and the United States of America (USA) will be signed soon, said Sunday in Luanda, Angolan ambassador, Josefina Pitra Diakité, before leaving for Washington.

Speaking to Angop, the head of Angolan diplomatic mission to the USA, said that the accord was not signed earlier on because the two countries' governments decided there was need to mature ideas.

However, in view of the current level of development of political and diplomatic relations, Josefina Diakité believes that it is high time the parties moved towards "the celebration of an accord that makes room for the growth of trade relations."

"I am speaking in the perspective of an accord that was proposed to us by the US administration, which is under analysis and on good track, at the level of our authorities, that is on the Trade Investment First Accord (TIFA)," said the diplomat.

According to Josefina Diakité the deal is a very general accord a significant number of African countries has already signed.

She said the accord sets a background from which trade relations can develop and institutions from both countries exchange commercial experience, with a view to the emergence of more specific and entailing agreements, from the commercial viewpoints.

The diplomat also said Angolan Government is currently making an effort to integrate the Millennium Challenge Account (MCA) that was adopted by president Bush, following the Millennium Summit, held in September 2000, at the UN headquarters.

To Josefina Diakité, the accord is one of the most important programmes of the US administration, as it enables the countries admitted to design, on their own, their projects and negotiate and benefit from non-refundable grants.

"It is a fund open to all developing countries. What matters in this programme is that the beneficiaries can harmonise their interests and define what is best and negotiate with US specialists", said the official.

Josefina Diakité further stated that in these negocitations the financial pachages are defined in line with the criteria set by the beneficiary upon approval from the MCA.

According to the diplomat, should Angola manage to enter the programme, it would be of considerable aid, within the context of the huge national reconstruction challenges and deepening of the bases for a sustainable development.

On the other hand, the Angolan ambassador to the USA mentioned the fact that the country was admitted, in December 2003, to the African Growth Opportunity Act (AGOA), an institution that paves the path for the development of trade with the USA.

Established in 2000, AGOA covers 37 African countries south of Sahara that have met the legibility requirements. It is a key element of president Bush policy towards promoting Africa's development.

To the diplomat, the admission of Angola to AGOA is an successful achievement, as trade relations with the USA are complex and very demanding.

She said that Angolan specialists are currently working with US colleagues seeking the necessary institutional support for the country's public and private institutions to export agricultural and fishery products to the USA.

Read related news articles

Angola: USAID seeks to boost Angola's exports to USA

Angolan entrepreneurs will be able to export agricultural products, beverages and others to the United States of America market, through the mediation of the United States Agency for International Development (USAID). This information was provided today by the Acting Minister Counselor of the US Embassy in Angola, Christopher Hattayer, noting that the United States had been supporting efforts to increase economic growth in Angola since 2021...

04 April 2022

Angola: US Ambassador defends dynamism in using AGOA

Angolan entrepreneurs should continue to make efforts to take greater advantage of the African Growth and Opportunity Act (AGOA), said last Thursday in Luanda the ambassador of the United States of America (USA) to Angola, Helen La Lime. The diplomat, who was speaking at a press conference held in the framework of Angola's participation in the Second Business Summit USA/Africa, which happened last September 26, in Washington, said that Angola...

07 October 2016

Angola: Exports to US reach over $115 billion

Angola's exports to the United States of America tripled in the 2004/2014 period, reaching Usd 115.39 billion last year. This was disclosed Tuesday in Luanda by the minister of Commerce, Rosa Pacavira, while addressing the seminar on "How to export to the USA and the African Growth and Opportunity Act". According to the official, the increase in exports has partly resulted from the country's joining AGOA established by the US...

14 July 2015

Angola: Ministry of Commerce holds workshop on AGOA

The Ministry of Commerce is holding seminar on the African Growth and Opportunity Act (AGOA) on Wednesday in Luanda. This was said on Tuesday in Luanda by the director of the Office of Exchange of the Ministry of Commerce, Bumba Chico. Speaking to Angop, the director said that the event is aimed to inform State institutions and Angolan entrepreneurial sector about the meaning of AGOA and its challenges, as well as attract private, foreign...

21 September 2010

Angola: Trade minister points out new perspectives for Angolan economy

Angolan minister of Trade, Maria Idalina Valente, said in Washington that the global financial crisis has opened new perspectives for diversifying of the country’s economy with a view to face up the emerging challenges. Idalina Valente, who was speaking at the end of the Consultative meeting gathering ministers of Trade, stated that the crisis also opened perspectives to diversifying other export markets. “Exactly, with regard to our...

03 August 2010

Angola: Luanda port development good for trade

USD 350 million is being invested in the Port of Luanda, one of Africa's most congested, in an effort to restructure the harbour and its facilities. This was disclosed at a meeting between port and government officials and a visiting US delegation to Luanda, which included US Assistant Trade Representative for Africa, Florie Liser. In a statement issued to the media after the one-day meeting, Francisco Venancio, Chairman of the Luanda Port...

14 July 2010

United States, Angola hold high-level trade and investment talks

US and Angolan trade and development officials met today to discuss means for strengthening bilateral trade and investment ties. The meeting was the first held under the United States-Angola Trade and Investment Framework Agreement (TIFA), which was signed in May 2009. The TIFA provides a high-level forum for advancing cooperation on the full spectrum of trade and investment issues between the United States and Angola. Assistant U.S. Trade...

28 June 2010

Angola close to signing economic deal with US

Angola and the United States are close to signing an agreement that would strengthen commercial ties between the former Cold War foes, Angola's ambassador to the U.S. was quoted saying on Monday. The deal will be signed "shortly" and form the basis of increased trade and economic exchanges between the oil-rich African nation and the world's economic powerhouse, the ambassador Josefina Diakite told state-run news agency ANGOP. "It will be a...

11 June 2007

Angola to Export Agricultural Products to US

Angola's deputy Minister of Agriculture and Rural Development, Dario Daniel Katata, affirmed Thursday in Luanda, that Angola has the conditions to exports, in the next years, to the United States of America some agricultural products. Among the products are cotton and fruits such as banana, orange, melon, water-melon and amongst others. The Angolan deputy Minister was speaking to Angop, on his return from Dakar, Senegal, where since Monday...

21 July 2005

Angola: Private Sector needs to learn more about AGOA

The Angolan ambassador to the USA, Josefina Pitra Diakité, said today, here, that the Angolan businessmen should learn more about the African Growth and Opportunity Act (AGOA) in order to expand their business and benefit from aid. The diplomat who was speaking at the end of a lecture on business, promoted by the Angola-USA Chamber of Commerce, defended the need for the national private sector to know better the opportunities that AGOA...

06 May 2005

You are here: Home/News/Article/Angola and US to sign general cooperation accord