africa Angola Diplomacy Economy FDI

Japan wants to participate in revitalization of Angolan economy

Japan intends to contribute to the revitalization of the national economy by investing in Angola, according to Japanese university professor Sadaharo Kataoka.

The university teacher, who was speaking on Thursday in Luanda, on the sidelines of a lecture on “Economic Situation in Southern Africa and the Japan Initiative”, said that Japan wants to boost investment in Angola.

“Angola has enormous potential to grow at all levels of the economic domain,” he noted.
According to the specialist in international relations and African studies, his country reaffirms the will and willingness to invest in Angola, thus contributing to leverage economic and financial growth, taking into account the potentialities.

As for trade between the two countries, he said that Angola imports cars, machinery and steel products from Japan and, its turn, the Asian country receives oil and other raw materials from the Angolan market.

The two countries are also negotiating the signing of a reciprocal investment protection agreement.

Source: Angop

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