[2022-08-08] Trade between China and Angola continues with a growing trend

Source: Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao)

The Chinese ambassador to Angola, Gong Tao, announced on the 4th of August that the trade between China and Angola had grown by 42% in 2021 year-on-year, reaching US$23.35 billion. In the first half of this year, the trade has already reached US$14.42 billion, indicating that the trade remains at a good pace in the first six months of 2022, with a year-on-year increase of 33%, with China continuing to be Angola’s main economic partner.

The diplomat revealed that the exemption of customs tariffs for Angolan exports to China is being negotiated, which are led by oil, followed by ornamental stones.

Gong Tao noted that China is optimistic about Angola’s economic development and is willing to provide assistance in the area of goods transportation so that there are more choices in the transportation of Chinese and Angolan products.