Luanda - Governments of Angola and Japan sign Wednesday in Luanda an agreement for the reciprocal liberalisation, promotion and protection of investments.
In the presence of President João Lourenço and Japanese minister of Economy, Trade and Industry, Nishimura Yasutoshi, the Angolan minister of Foreign Affairs Téte António and Japanese ambassador to Angola Suzuki Toru signed the deal.
The signing ceremony of the agreement was preceded by an audience that the Head of State granted to the Japanese minister, who is on a three-day visit to Angola.
The Japanese official said that the agreement follows the state visit that President João Lourenço made to Japan in March this year.
Nishimura Yasutoshi, who is accompanied by 26 businessmen from various fields, said that there was already remarkable cooperation in the areas of infrastructure, with emphasis on the port of Namibe and staff training.
He said he hoped that the agreement would actually stimulate Japanese investment in Angola, with a view to Angola's economic diversification.
Angola’s minister of Foreign Affairs Téte António said that it took about ten years of negotiations to sign the agreement for the promotion and reciprocal protection of investments.
He stated that the Angolan President's trip to Japan fostered a climate of trust among Japanese authorities and business circles. JFS/AL/TED/NIC
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