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Angola and the People’s Republic of China signed, this Wednesday, in the city of Beijing, an Agreement on the Promotion and Reciprocal Protection of Investments (APPRI).
The Agreement aims to promote greater economic cooperation, stimulate the flow of capital and economic development, as well as to ensure a stable, transparent, and non-discriminatory framework for investment between Angola and China.
According to a press release, the document was signed between the Minister of Foreign Affairs, Téte António, and the Minister of Commerce of the People’s Republic of China, Wang Wentao.
“The APPRIs are bilateral agreements that aim to demonstrate to international investors the existence of a legal and security mechanism for the realization of their investments,” the source clarifies.
