U.S. Department of Commerce and Angolan Ministry of Commerce and Industry Strengthen Ties through Commercial and Investment Partnership Memorandum of Understanding

This week, U.S. Secretary of Commerce Gina Raimondo and His Excellency Mr. Rui Miguêns de Oliveira, Minister of Commerce and Industry for the Republic of Angola, signed a Memorandum of Understanding (MOU) to launch the U.S.-Angola Commercial and Investment Partnership (CIP). This initiative can create new opportunities for cooperation between the U.S. Department of Commerce and Angola’s Ministry of Industry and Commerce to facilitate private sector-led trade and investment in both countries.

The CIP, co-chaired by the Secretary of Commerce and Minister of Industry and Commerce, seeks to enable meaningful engagement between business and governments as well as with other businesses to advance its goals. Through the CIP, the Department and Ministry plans to engage with private sector stakeholders and leverage their expertise to develop closer business relationships between the U.S. and Angolan business communities and promote equitable, private sector-led economic growth. They also intend to collaborate on a government-to-government level to identify business environment issues that hinder bilateral trade and investment and propose potential solutions. Additionally, through the CIP, the Department and Ministry will seek to identify and facilitate commercial and investment opportunities in priority sectors, such as agricultural technology and infrastructure.

To learn more about the Commerce Department’s engagement with Angola and to explore commercial opportunities in the Angolan market, visit www.trade.gov/angola.

Read the full report from the U.S. Department of Commerce: Read More