TRALAC - Trade Law Centre

Angola: Ministry of Commerce holds workshop on AGOA

Tuesday, 21 September 2010

Source: Angola Press Agency

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 investments, in the framework of the referred legal tool.

Bumba Chico said the seminar will also encourage the participation of the productive sector in the implementation of AGOA and improve the understanding of financial opportunities.

According to him, the holding of the seminar is aimed at equipping the participants with skills and requirements to export to the international market and stimulate the exports of other traditional products than oil.

Issues related to “The importance of investment in the framework of AGOA”, “Possibilities for Angola to lure private investments in the framework of AGOA”, and “The conditions for the implementation of AGOA”, will be discussed at the workshop.

The meeting will be attended by officials and technicians of the Ministry of Commerce, entrepreneurial associations and staff of the productive sector.

Established in 2000, AGOA is a US initiative aimed at promoting opportunities for the entrance of products from the countries of Sub-Saharan Africa in America.

The AGOA will go until 2015.

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