Luanda - The deepening of economic cooperation, mainly in the field of attracting investment between Angola and the US, dominated the meeting between the Minister of Foreign Affairs, Téte António, and the US chargé d'affaires in Angola, James Story, on Wednesday.

During the meeting, the two entities reviewed the current state of cooperation between both countries, focusing on ongoing projects and new partnership opportunities.

The meeting comes as Angola prepares to host the Africa-United States Business Summit, scheduled for June this year, an event that aims to attract investment and increase trade between African countries and the United States of America.

The diplomats addressed the expectations surrounding the Summit, having reinforced the need to diversify the Angolan economy and strengthen political-diplomatic and trade relations between the two nations.

On the occasion, Téte António referred to some aspects addressed in the recent telephone conversation he had with his US counterpart, Marco Rubio, in Johannesburg.

Trade relations between Angola and the United States of America (USA) have been marked by relevant exchanges, especially in the energy sector and in other areas such as agriculture, security and technology.

 The US is one of Angola's main trading partners, with Angolan oil being the main product exported to that country.

 On the other hand, Angola imports products such as industrial equipment, technology, vehicles and consumer goods from the United States of America.

U.S. companies, such as Chevron, ExxonMobil and Halliburton, have a major presence in oil and gas exploration in Angola.

Collaboration in this sector involves both direct investments and technology transfer and training of Angolan professionals.

In addition to the oil sector, the United States of America encourages investments in agriculture, telecommunications, mining, and infrastructure.

The U.S. government promotes partnerships to diversify the Angolan economy, reducing its dependence on oil.

Companies from the United States of America have shown interest in investing in the modernization of the Angolan agricultural sector. 

Angola has already participated in the African Growth and Opportunity Act (AGOA), a program of the United States of America that grants facilities for the export of African products to the American market. FMA/ART/DOJ