Trade, Security Top As Angola-Nigeria Bilateral Joint Commission Meets

Angola and Nigeria volition from contiguous statesman the fine-tuning of strategies to fortify their diplomatic ties successful divers sectors.

The sectors successful the precedence database of the 2 countries are trade, defence and security, cyber and integer diplomacy, system and trade, judicial and culture.

Others are aerial and maritime transport, telecommunications and societal communication, tourism and visa exemption.

These captious areas volition predominate discussions astatine the 5th Meeting of the Angola-Nigeria Bilateral Joint Commission, which starts contiguous successful Luanda, the Angolan capital.

The forum volition besides reappraisal the practice agreements and memoranda of knowing betwixt the 2 countries and analyse the large economical challenges.

In a connection issued yesterday by the Embassy of Angola successful Nigeria, it noted that much than 20 agreements and memorandums of knowing request to beryllium updated, and caller ineligible instruments volition henceforth usher political-diplomatic practice betwixt the 2 countries successful the aforementioned sectors.

The delegations are headed by the caput of authorities for International Cooperation of MIREX, His Excellency Domingos Viera Lopes, and Nigeria’s curate of State for Foreign Affairs, Bianca Odumegwu-Ojukwu

The Ambassador of Angola to Nigeria, José Bamóquina Zau, described the infinitesimal arsenic a turning constituent to beforehand much dynamic practice based connected escaped trade, exemption from visas and treble taxation, extradition and transportation of convicted radical and greater information successful the Gulf of Guinea.

“Since 2001, the enactment of this committee has been interrupted and we are precise excited to relaunch this practice with a absorption connected the hydrocarbon and petrochemical industries, agribusiness, prima tourism, accusation technologies, innovation and the bluish system to make investments that make young jobs and boost companies successful some countries”, Zau explained.

On the sidelines of the meeting, 2 Twinning Agreements volition beryllium formalised betwixt the Angolan provinces of Bengo and Namibe and the Nigerian States of Nasarawa and Bayelsa, respectively, with the information of their governors.

At the aforesaid occasion, the Angola Private Investment and Export Promotion Agency – AIPEX and the Angola-Nigeria Business Council – ANBC volition fortify narration channels to warrant coagulated economical partnerships with backstage investments from Nigeria.

Trade betwixt Angola and Nigeria continues to beryllium dull, insignificant and unexploited considering the imaginable that the 2 countries present, a concern that worries the respective Governments. Outside the lipid sector, from 2020 to 2022, the worth of exports of goods from Angola to Nigeria was calculated astatine US$5.6 cardinal and imports stood astatine US$16.8 million, representing a antagonistic commercialized equilibrium of US$11.2 million.

In February 2024, the Angolan Embassy organised the 2nd Business Forum successful Lagos and Nigerian gross concern intentions had been estimated astatine US$5 billion.