Business in Angola, Luanda

The purposes of the subject “Foreign Trade and Business in Angola” are the following:

1. To analyse the Angolan Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in Angola
3. To explore the trade relations with the country of the student
4. To know the Angolan Trade Agreements
5. To examine the profile of the Angolan Companies
6. To develop a business plan for the Angolan Market

Angolan Preferential Access and Free Trade Agreements (FTA):

1. Angola and the Central African Economic Area
2. Economic Community of Central African States (ECCAS)
3. Southern African Development Community (SADC)
   1. European Union-SADC Free Trade Agreement (FTA)
4. COMESA-EAC-SADC Tripartite Agreement
5. African Continental Free-Trade Area (AfCFTA)
6. European Union-Angola
   1. Generalised System of Preferences (GSP)
   2. Africa-European Union Strategic Partnership (Cotonou Agreement)
7. African Growth and Opportunity Act (AGOA)
8. Free Trade Agreement (FTA) with India
9. International Conference on the Great Lakes Region (ICGLR)
10. Arab Bank for Economic Development in Africa (BADEA)

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)

African Trade and Economic Organisations

1. Economic Commission for Africa (ECA)
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption (not signed)
   2. African Union Development Agency (AUDA-NEPAD)
3. African Development Bank (AfDB)
4. Africa-Asia Strategic Partnership (NAASP)
5. Africa-Korea Partnership
6. Africa-Japan Cooperation (TICAD)
7. Africa-South America Summit (ASA)
8. Forum on China-Africa Cooperation
9. Africa-India Framework for Cooperation
10. Africa-BRICS (Brazil, Russia, India, China, South Africa)
11. Africa-Turkey Partnership
12. Afro-Arab Cooperation
13. Arab Bank for Economic Development in Africa (BADEA)

Global Economic Organisations

1. Community of Portuguese Speaking Countries (CPLP)
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
3. World Trade Organisation (WTO)
4. International Monetary Fund (IMF)

Angola is the fifth largest country in Sub-Saharan Africa, with an area of 1,246,700 square kilometres

1. Atlantic Marine line of Angola: 1,650 kilometres
2. Angolan territory is located on the western coast of Southern Africa
3. Borders of Angola: The Democratic Republic of the Congo, the Republic of the Congo, Namibia, and Zambia
4. Angola was a Portuguese colony (500 years).
5. Independence of Angola: November 11, 1975 (Portugal)
6. Angolan population: 29 million people
   1. Bantu
7. The capital of Angola is Luanda
8. The largest Angola cities are Luanda, Huambo, Benguela, Lobito, Kuito, Lubango and Cabinda
9. Official language of Angola: Portuguese

More information about Angola (EENI African Portal).

Religions in Angola:

1. Christianity (16 million) - Catholicism
2. African Traditional Religions

Angola belongs to the Central African Economic Area (African Civilisation).

Angolan Economy:

1. The Republic of Angola is the largest Central African market.
2. The economy of Angola (Africa) depends on the petrol sector (1% of the Angolan workforce)
3. Angola is an African frontier market
4. Angola is one of the fastest growing economies in the World
5. The population (20 million people) is an essential element of the economic growth
6. The real gross domestic product of Angola growth was 3.4%
7. The Angolan economy is predominantly agricultural
8. Top Angolan agricultural products are coffee, sugar-cane, sisal, maize (corn), coconut oil and peanut
9. Angola is rich in minerals, such as diamonds, petrol, iron
10. Huge copper, lead, phosphate, salt, gold, silver, and platinum deposits
11. The main Angolan industries are petrol, cereals, meat, cotton, sugar, beer, cement and wood
12. The Ministry of Tourism reported the entry of 194,326 tourists from Portugal, South America, France, Brazil, the United Kingdom, and the United States, which spent $ 97 million

Angolan Petrol Sector

1. With a 750,000 barrels per day production, Angola is the second-largest producer in Africa (after Nigeria)
2. Analysts point to a 1,000,000 barrels per day production in the coming years

Advantages of Angola.

1. A strong Government engagement applying economic and political reforms, leading to a free-market economy
2. Respect for the private property and legal guarantees for the investors
3. Flexible economic regulation
4. One-stop-shop business, foreign direct investment aid and support international Office
5. Abundant, available labour and skilled young people
6. Accessibility to the raw materials and energy resources (natural gas)
7. Strategic location (access to the Central African Markets)

Angolan Foreign Trade:

Angola imports (products and services): 5 million dollars. The largest Angolan imports are:

1. Machinery and electrical equipment
2. Vehicles and parts
3. Medications
4. Food
5. Textiles
6. Sugar-cane
7. Coffee
8. Sisal
9. Maize (corn)
10. Cotton
11. Cassava root
12. Snuff
13. Vegetables
14. Livestock
15. Fish and fishery products

Angola exported 14.5 million dollars (FOB). The largest Angolan exports:

1. Petrol and derivates
2. Diamonds
3. Gas
4. Coffee
5. Sisal
6. Fish and fishery products
7. Wood
8. Cotton

The largest ports of Angola: Port of Lobito and Port of Luanda.

The nearest foreign port (Southern provinces on Angola) is the Port of Walvis Bay (Namibia), via the Trans-Cunene Corridor

Foreign direct investment (FDI) in the Republic of Angola is governed by LAW no.11/03 of 2003.

1. The National Private Investment Agency is the institution responsible for the international promoting, coordinating, implementing and regulating the foreign direct investment policies in Angola
2. To bring the foreign direct investment into Angola, the Government of Angola has defined a policy of preference on foreign direct investment (FDI), which will increase the export products while replacing or reducing the imports

Sectors on which the Government is focusing:

1. Agriculture and livestock
2. Food products
3. Mining
4. Fisheries
5. Light industry
6. Industrial materials for construction and public work.