France hopes to double Angolan trade

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France hopes to double its trade with Angola in the next two years with plans to diversify investments in the oil-rich nation.

Luanda – France hopes to double its trade with Angola in the next two years with plans to diversify investments in the oil-rich nation, a French senior official said Wednesday.

"The trade between Angola and France has doubled in the last three years and it is my objective to continue this acceleration and I think we can double the trade again in the next two years," said secretary of state for foreign trade Anne-Marie Idrac.

France hopes to diversify investment and find partnerships beyond the petroleum sector in areas such as agriculture, infrastructure, housing and construction, she added.

France is the former Portuguese colony’s sixth-largest trading partner, with imports worth two billion euros and exports worth EUR 500 million (USD 696 million).

Sixty French companies, the largest being oil operator Total EP, operate in Angola, employing some 10,000 people.

Idrac's three-day visit, accompanied by a dozen French companies and government representatives, follows President Nicolas Sarkozy’s meeting with President Jose Eduardo dos Santos last year.

AFP / Expatica

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