U.S. and Angola Forge Commercial and Investment Partnership

Washington, D.C., December 5, 2024 – In a significant step toward strengthening economic ties, U.S. Secretary of Commerce Gina Raimondo and Angola’s Minister of Commerce and Industry, His Excellency Mr. Rui Miguêns de Oliveira, have signed a Memorandum of Understanding (MOU) to establish the U.S.-Angola Commercial and Investment Partnership (CIP).

This groundbreaking agreement aims to enhance cooperation between the U.S. Department of Commerce and Angola’s Ministry of Industry and Commerce to foster private sector-led trade and investment. The partnership represents a pivotal opportunity to deepen bilateral relations, boost economic growth, and address key challenges in the business environment.

A Platform for Collaboration

The CIP will be co-chaired by Secretary Raimondo and Minister de Oliveira, ensuring high-level engagement between the two governments and the private sector. This initiative aims to:

Facilitate direct collaboration between U.S. and Angolan businesses.

Address barriers hindering bilateral trade and investment.

Promote equitable, private sector-driven economic growth in priority sectors.

Key focus areas include agricultural technology and infrastructure development, where both nations see significant potential for innovation and mutual benefit.

Private Sector at the Forefront

The CIP emphasizes the critical role of private sector stakeholders in identifying opportunities and challenges. By leveraging business expertise, the initiative seeks to build stronger relationships between the U.S. and Angolan business communities, paving the way for increased trade and investment.

“This partnership underscores our commitment to fostering meaningful economic engagement with Angola,” said Secretary Raimondo. “Through the CIP, we aim to unlock opportunities for businesses in both nations, driving growth and innovation.”

A Path to Equitable Growth

In addition to supporting private enterprise, the CIP will address systemic issues that hinder trade, proposing actionable solutions to create a more conducive business environment.

“This MOU marks a new chapter in U.S.-Angola relations,” said Minister de Oliveira. “Together, we will work to enhance trade and investment opportunities that benefit our citizens and economies alike.”

Learn More

For more information on the U.S. Department of Commerce’s engagement with Angola and commercial opportunities in the region, visit www.trade.gov/angola.

This partnership is a significant step forward in fostering sustainable economic ties between the United States and Angola, reinforcing a shared vision for mutual prosperity.