Africa-Press – Angola. The protocols signed in Budapest by the Angola-Hungary Joint Commission at the end of January this year, which aim to create a legal framework to regulate the economic cooperation relationship between the two countries, can be implemented during this semester.
The information was provided thursday in Luanda by the national director for Planning of the Ministry of Economy and Planning (MEP), Luís Epalanga, during the institution’s biweekly briefing, which admitted a more comfortable framework for the reciprocal protection of investments. Hungarians in Angola and vice versa, within the scope of the work that has been carried out since the 26th of January, in the capital of Hungary, Budapest.
Luís Epalanga made it known that the implementation of the signed protocols also aim, among other objectives, to stimulate business investment initiatives, intensify economic cooperation for mutual benefit, create and maintain favorable conditions for investors on both sides, ensure that investments are consistent with the protection of health, social security and the environment, as well as their contribution to the development of both countries.
Among the protocols signed by the Commission, there is the “Bilateral Agreement on Air Services”, whose proposal was initialed on Friday, the 28th. This agreement should allow the frequency of TAAG flights on the Luanda/Moscow/Budapest routes, an aggregate that it must also boost direct trade and deepen knowledge between the two peoples.
On the sidelines of the Joint Committee meeting, four other cooperation instruments were signed, including the Memorandum of Understanding between AIPEX (Agency for Private Investment and Import Promotion) and its Hungarian counterpart (HEPA) and another between the National Directorate MINEA (Ministry of Energy and Water) and the Hungarian Water Technology Corporation.
The remaining memoranda are between the aeronautical authorities of the two countries and between TPA (Televisão Pública de Angola) and Hungarian public television. On the Angolan side, the diplomas were signed by the Secretary of State for International Cooperation and Angolan Communities, Domingos Custódio Vieira Lopes.
The third session of the Angola-Hungary Joint Commission, held between Thursday and Friday, was attended by the head of Hungarian diplomacy and Commerce, Péter Szijjártó, who represented the Hungarian State, and by the Minister of Energy and Water, João Baptista Borges. , on the Angolan side.
During Friday’s plenary session, João Baptista Borges and Péter Szijjártó reviewed all the topics related to the areas in which there are already concrete cooperation projects, in which the completion of the manufacturing process of the Angolan Biometric Passport, whose investment is valued at US$145 million, a loan from Eximbank Hungary.
In due course, the two government officials referred to the positive impact of business initiatives in the energy and water sectors, exemplifying the project to set up containerized systems for capturing and treating water for around two million inhabitants, in various parts of Angola.
The project is being developed by the Hungarian Water Technology Corporation, in partnership with the Ministry of Energy and Water, whose initial phase takes place in thirteen Angolan locations.
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