The President of the State and the President of Angola witness the exchange of the comprehensive economic partnership agreement and the announcement of a number of memoranda of understanding and agreements between the two countries

Luanda, August 25 / WAM / His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him”, and His Excellency Joao Manuel Gunsalouf Lorenenso, President of the Republic of Angola today, witnessed the exchange of a comprehensive economic partnership agreement between the two countries … and in the framework of a “state visit” that His Highness is undertaking to Angola.
His Highness Sheikh Mohammed bin Zayed Al Nahyan stressed that the comprehensive economic partnership agreement will contribute to a qualitative shift in economic relations between the United Arab Emirates and the Republic of Angola and increase the rates of trade exchange, and will also open the way for a new stage of joint economic growth, and expand the fields of work, investment and cooperation in front of business community in the two countries.
His Highness pointed out that the agreement is an important step within the process of strengthening the strategic partnerships of the United Arab Emirates with African countries that share its vision of economic growth and sustainability, and expresses the fixed approach of the UAE in building development partnerships to enhance economic growth and prosperity for all and create opportunities for future generations, and contribute to achieving the developmental aspirations of peoples.
For his part, the President of Angola welcomed the announcement of the Comprehensive Economic Partnership Agreement and other agreements and memoranda of understanding, stressing its importance in enhancing economic cooperation and diversifying its fields in a manner that serves joint development and returns with good and growth over the peoples of the two countries.
The comprehensive economic partnership agreement was exchanged … His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, and from the Angolan side, His Excellency Roy Mecca de Oliveira, Minister of Trade and Industry.
The comprehensive economic partnership agreement deepens economic ties between the UAE and Angola by canceling or reducing customs duties, removing unnecessary barriers to trade, expanding the scope of services exports to markets, and generating new opportunities for investment and cooperation in various sectors.
With the registration of the volume of non -oil trade between the UAE and Angola $ 2.17 billion in 2024, and the continued recovery during the first half of this year, a growth of 29.7% to $ 1.4 billion, indicators confirm that the conclusion of the agreement between the two countries will result in growth in non -oil trade and investment flows in a way that is good and growth on the two countries and their peoples.
His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him”, and His Excellency Joao Manuel Gunsalv Laurensu, President of the Republic of Angola, also witnessed a number of memoranda of understanding that included: a memorandum of understanding in the field of artificial intelligence, and a memorandum of understanding between the United Arab Emirates Bank and the National Bank in Angola, in addition to a memorandum of understanding between the phenomenon company and the Ministry of Agriculture and Angolan Forests.
His Highness the President of the State said that the agreements and memoranda of understanding signed between the UAE and Angola and included the governmental and private sectors, expressing the common concern to invest in cooperation opportunities and its capabilities for a new stage of development cooperation between the two countries.
The Memorandum of Understanding in the field of artificial intelligence exchanged, Lieutenant General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, and from the Angolan side His Excellency Jose de Lima Moussano, Minister of State for Economic Affairs .. While the memorandum of understanding between the United Arab Emirates Bank and the National Bank in Angola .. His Excellency Khaled Mohammed Al -Amma, Governor of the Central Bank, and from the Angolan side Manuel Antonio Thiago Diadah, Governor of the Central Bank.
The Memorandum of Understanding also exchanged between the phenomenon company and the Angolan Ministry of Agriculture and Forests, Ahmed Saeed Al -Suwaidi, CEO of the administrative affairs and private projects sector – Al -Dhahirah Company, and from the Angolan side, His Excellency Titi Antonio, Minister of Foreign Relations.
The two sides also announced a number of agreements and memoranda of understanding, which included a wide package of fields, the most important of which are: political consultations, diplomatic cooperation, tourism, investment, renewable energy, culture, education, workforce, sports, health, climate work, technology and other areas that serve the development aspirations of the two countries.

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