U.S. Secretary of Commerce Gina Raimondo and Angolan Minister of Commerce and Industry Rui Miguêns de Oliveira have signed a Memorandum of Understanding (MOU) to initiate the U.S.-Angola Commercial and Investment Partnership (CIP). This agreement aims to foster cooperation between the U.S. Department of Commerce and Angola’s Ministry of Industry and Commerce, promoting private sector-led trade and investment in both nations.

The CIP is co-chaired by Raimondo and de Oliveira, aiming to facilitate meaningful interactions between businesses and governments. The initiative plans to engage with private sector stakeholders, leveraging their expertise to strengthen business relationships between the U.S. and Angolan business communities. The goal is to promote equitable economic growth led by the private sector.

Furthermore, the partnership will focus on identifying issues that impede bilateral trade and investment at a government-to-government level, proposing potential solutions. The CIP also seeks to pinpoint commercial and investment opportunities in key sectors such as agricultural technology and infrastructure.

For more information about the Commerce Department’s activities in Angola or to explore commercial opportunities in the Angolan market, visit www.trade.gov/angola.