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Trade Volume Between UAE and Angola Amounted To US$2.9 Billion
7:35 CAT | 10 Dec 2015
UAE Interact
The volume of non-oil trade between the UAE and Angola amounted to about US$ 2.9 billion in 2014.
A report prepared by the Trade Policy Department at the UAE’s Ministry of Economy on reviewing the trade policies of Angola said that the two countries are working to strengthen their economic ties and common interests.
The report said that the UAE exports petroleum oil and oils obtained from mineral materials, which is a non-oil crude, and also pasta and paints of different types, while the UAE imports diamonds, copper and aluminium scrap.
The report noted that the manufacturing sector contributes with about 4% of Gross Domestic Product, GDP, for Angola, pointing out that despite the fact that Angola is the second largest producer of diamonds in Africa, however, the contribution to GDP of the mineral resources sector is very little as it represents only about 1%. The contribution of the services sector amounted to 22 % of GDP, although the country is still a net importer of services.
Source: UAE Interact
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