Luanda - Angolan Head of State João Lourenço addressed Monday the state of Angola-Spain bilateral relations, in a telephone conversation with the President of the Spanish Government, Pedro Sánchez.
The information is expressed on the official page of the Presidency of the Republic on the social network Facebook, referring that the dialogue between the two entities took place at the end of Monday afternoon.
Cooperation relations Angola and Spain
Bilateral relations between Angola and the Kingdom of Spain are based on the General Cooperation Agreement, signed on 20 May 1987, and the Complementary Agreement to the General Agreement, signed in November 1987.
Cooperation between the two countries has intensified in the business sector with the presence of Spanish companies in Angola.
Spain has more than 60 companies operating in Angola in different sectors such as energy, banking, construction and agriculture.
In 2008, Spain granted a credit line worth 600 million euros to Angola, to reinforce bilateral cooperation.
Another amount of 500 million euros, managed by the Spanish Export Credit Insurance Company -CESCE, was granted in 2009 to encourage exports between the two countries.
The credit lines meant that the volume of business between Angola and Spain reached approximately 1 billion euros in 2011, against 750 million euros in 2010.
In 2017, Angola exported goods worth €939 million, of which 98 percent came from oil, thus registering an increase of 19.3 percent compared to 2016.
Angola represents Spain's seventeenth supplier, with an emphasis on oil, with 2.3 percent of the crude consumed in this Iberian country. At the African level, it positions itself as the fourth supplier and third customer.
