Brazilian President Dilma Rousseff disclosed in Parliament earlier this month that, in 2010, Angola was the third-biggest African market for Brazilian products and the fourth-largest African exporter to Brazil. She also said the number of Brazilian companies in Angola was proof of the mutually-beneficial ties between the two countries.
The Brazilian President said that her country had made funding of more than $3 billion available to Angola, making the African nation the biggest beneficiary of loans as part of the South American country’s Fund for Export Guarantees of the National Economic and Social Development Bank. This mechanism, Rousseff said, had been “extremely” effective in promoting exchange between the two countries. She committed to increasing the fund when necessary.
In the interests of further building this relationship, another Brazilian business mission is due to visit Luanda in November.
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