Angola/India - Trade Reaches Usd 4 Billion Between 2019 and 2020 allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Angop
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13h52 Luanda â Trade between Angola and India has reached Usd 4 billion from 2019 to 2020, with a positive balance for the latter, Angop learned recently in Luanda.
The information was released by the Indian ambassador to Angola, Pratibha Parkar, during a fraternisation lunch at her official residence.
According to the diplomat, New Dheli imported from Angola crude oil worth Usd 3.7 million and exported to the African nation goods to the amount of Usd 0.3 billion.
She said Angola is Indiaâs second major crude oil supplier, sharing with it 10 percent ot its external trade.
Early in December, Pratibha Parkar was quoted in a note from Indiaâs Gem Jewellery Export Promotion Council (GJEPC) as saying that Angola was open to direct foreign investment from Indian companies, seeking to help develop the countryâs mining potential.
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