Tuesday, 02 January 2024 12:17 GMT

India & Angola Explore New Trade Opportunities


(MENAFN- KNN India) New Delhi, Nov 10 (KNN) To strengthen bilateral trade and cooperation, President of India Droupadi Murmu visited Angola and Botswana.

During the visit, Memoranda of Understanding (MoUs) were exchanged on cooperation in fisheries, aquaculture, marine resources, and consular matters.

This marks the first visit by an Indian President to Angola. President Murmu is accompanied by Minister of State for Jal Shakti and Railways V. Somanna and Members of Parliament Parbhubhai Nagarbhai Vasava and D. K. Aruna.

On Sunday, the President's engagements began at the Presidential Palace in Luanda, where she was warmly received by President João Manuel Gonçalves Lourenço of Angola. She was accorded a ceremonial welcome and guard of honour. During one-to-one and delegation-level meetings, the two leaders discussed wide-ranging issues concerning bilateral relations.

President Murmu highlighted that the partnership between India and Angola is built on mutual trust, respect, and a shared vision for prosperity. She expressed appreciation for Angola's developmental initiatives aimed at improving the welfare of its people.

The President also emphasized the thriving energy trade partnership between the two nations, noting Angola's critical role in India's energy security. Both leaders agreed to further diversify trade and investment ties across emerging sectors, including technology, agriculture, health, defence, infrastructure, and people-to-people exchanges. They reaffirmed their commitment to deepening cooperation under the India–Africa Forum Summit framework.

Additionally, President Murmu welcomed Angola's decision to join the International Big Cat Alliance (IBCA) and the Global Biofuels Alliance (GBA), strengthening collaboration in environmental and sustainable development initiatives.

(KNN Bureau)

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