A Case Study of Angola
Chapter 3: Business Cooperation Between China and Angola
China’s business strategies in Angola have grown along with its growing investments in the infrastructure sector. Not only in investment (except the oil sector) but also in trade, has China overtaken Portugal and the US as the leading export-import partner of Angola, respectively.
The rapid increase in the volume of bilateral trade and Chinese investment in Angola strengthened bilateral ties and assisted the improvement of the business environment in the country. Following the improvement of the business environment, the Angolan government has taken additional steps to encourage trade and investment between Angola and China, and facilitate the entry of Chinese nationals (tourists, students, teachers, researchers, entrepreneurs, investors, and workers, etc.) into Angola. Today, 500 Chinese companies do business in Angola and 260,000 Chinese nationals are working and living in Angola.345
As it was stated in China’s 2006 African Policy, the Chinese government supports the continued financing of Chinese companies’ investment and business engagement in Africa. In 2007, the Angolan government took an important step to facilitate economic and commercial exchanges by organizing the Business Fair FILDA (Luanda International Fair). Many participants from China took part and demonstrated a keen interest in investing in Angola. FILDA’s last meeting, which took place between the 16th and the 21st of July 2013, celebrated 30th years of the event, and China was invited as the guest country. In the opening ceremony of FILDA, China was awarded the best international representation and bigger international representation.346 ← 109 | 110 →
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