The ongoing Feira Internacional de Angola (FILDA) trade exhibition in Luanda provides South Africa with an opportunity to balance the uneven trade that exists between the country and Angola, according to South Africa’s Director of Export Promotion in the Department of Trade and Industry (DTI) Julias Nyalunga.
He was speaking on the side-lines of the official opening of FILDA, where 27 South African firms are exhibiting their products and services. The trade exhibition, which kicked off Wednesday, will run through Sunday.
“Our participation in FILDA is a commitment to the Angolan economic transformation and an opportunity to showcase our offerings so that there can be trade, assisting South Africa to improve the trade deficit between the two countries,” Nyalunga said in a statement released to PANA.
He emphasised that South Africa had a huge opportunity to tap into other sectors of the Angolan economy, not only to focus on oil-related sectors.
The South African official also said entering into more joint ventures with the Angolans and contributing into the diversification of their economy would assist to diversify South African exports to Angola.
According to Dr Nyalunga, the companies that DTI brought have more potential of doing business in Angola, and they represent hydro power, agro-processing, capital equipment, Information Communication Technology, services, clothing and textile sectors, among others.