Africa-Press – Angola. The President of the Republic, João Lourenço, sent, yesterday, a message of congratulations to King Filipe VI of Spain and the President of the Government, Pedro Sánchez, for the commemoration of the National Day of that country, marked Wednesday (12).
In the message sent to the two Spanish entities, the Head of State noted, “with satisfaction”, the high level of cooperation maintained between Angola and the Kingdom of Spain, in several areas, having proclaimed the intention to continue creating synergies in key sectors for the economies of both countries, in order to generate concrete results that contribute to the aggrandizement of both nations.
Bilateral relations between Angola and the Kingdom of Spain are based on the General Cooperation Agreement, signed on 20 May 1987, and the Complementary Agreement to the General Agreement signed in November 1987.
Cooperation between the two countries has intensified in the business sector with the presence of Spanish companies in Angola. Spain has more than 60 companies operating in Angola in different sectors such as energy, banking, construction and agriculture.
Volume Of Business
In terms of bilateral trade, from 2015 to 2019, turnover stood at 7.5 billion euros, based mainly on exports from Angola to Spain, embodied in the sale of crude oil.
Before 2015, trade between the two countries was set at around two billion euros/year of exports from Angola and between 200 and 400 million euros of exports from Spain to Angola.
However, in the last three years, trade has declined significantly, with Angolan exports valued at 1.7 billion.
As for programs to promote economic relations between the two countries, the Kingdom of Spain has projects underway that are part of the Secretariat of State for Foreign Trade, which has supported the establishment of Spanish companies in Angola.
In particular, there are three major financial instruments in progress, namely export credit insurance, the fund for the internationalization of Spanish companies and investment financing at the level of the Spanish Company for the Financing of Development (COFIDES).
Equatorial Guinea
In another message, the Head of State congratulated the Equatorial Guinean counterpart, Teodoro Obiang Ngue-ma, for the celebration of the 54th anniversary of the Independence of that country, also marked yesterday.
In the letter, whose votes were also extended to the people of Equatorial Guinea, the Head of State highlights that, on this special date for Equatorial Guinea, he rejoices at the achievements made by the Equatorial Guinea Nation which, under the leadership of Teodoro Obiang Nguema, has registered, in the last decades, quite significant advances in the areas of democracy, justice and human rights.
“I thus express my wish that your people’s great aspirations for progress and well-being will materialize on the basis of the enormous source of opportunities and potential that exists in Equatorial Guinea”, reads the message.
The Head of State ends the message by reiterating the willingness of the Government he directs to work, in a coordinated manner, with the Government of Equatorial Guinea, in the sense of intensifying common actions, both bilaterally and in the CPLP, that lead to the of projects of mutual interest, which favor the progress and development of both countries and peoples.
“Please accept, Your Excellency, the best wishes for good health and success for the people of the Republic of Equatorial Guinea”, reads the Angolan statesman’s message.
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