The China-Africa Economic and Trade Cooperation Innovation Demonstration Park (Hunan) will transfer technology and promote trade with Angola, under a new deal with the Angolan business confederation.
The deal will help attract Chinese investors and import competitive Chinese products to Angola, as well as export Angolan products such as cassava and bananas to China, according to Vicente Soares, president of the Angola Chamber of Commerce and Industry (CCIA), who signed the deal with Hunan Park.
“The partnership aims at the transfer of technology, exchange of experience, training and promotion of trade, with the intention to promote the export of products from Angola to China”, Soares (pictured above) said at the signing ceremony via videoconference.
The Park, an innovation project in the China Free Trade Pilot Zone (Hunan) located in Changsha, capital of China’s Hunan Province, is an “extremely important” platform for trade, Soares said. “The Chinese market is opening up to Angola and our companies should take advantage of this moment to explore and identify the products that attract consumers in China,” he added.
Li Xinqiu, deputy director of the Hunan Province Department of Commerce, expressed his hope that the memorandum will contribute to the sharing of business opportunities between CCIA and the China-Africa Economic and Trade Cooperation Innovation Demonstration Park.
“The China-Africa Economic and Trade Cooperation Innovation Demonstration Park is a national platform in Hunan that focuses on building an African center for the distribution and processing of products and the flow of people for cooperation with Africa”, Li said.