Member Article

Angola visit to build North East trade links

North East firms are being urged to tap into export growth by exploring opportunities in one of the fastest growing economies in Africa.

UK Trade & Investment (UKTI) is organising a Market Visit to Angola in January 2014 to give companies an insight into the market and a chance to meet potential customers and business partners.

In the last ten years, Angola has experienced an average of almost 12 per cent per year growth in GDP, much of it from its rich oil and gas reserves. It is an important trade partner for UK companies and exports to Angola have increased year on year, with the annual total currently in excess of £600 million.

Jonathan Gamblin, UKTI International Trade Adviser who will lead the delegation, said: “As one of Africa’s fastest growing economies, Angola is a challenging market with huge opportunities for UK businesses.

“As well as the obvious ones offered by the oil and gas sector, there’s also plenty of potential in the education and training, construction, financial services and agricultural sectors.

“The Angolan government is also keen to diversify the economy and is offering attractive incentives to encourage private investment in industries other than oil and gas.

“Travelling as part of a group provides added security and support and, of course, UKTI offers experienced hands-on advice and guidance both before and during the visit. It’s a great way to explore what the market offers.”

Companies need to register their interest by 15 November 2013. There is a financial contribution on offer for eligible companies of £800 as well as a 50 per cent discount on Overseas Market Introduction Service (OMIS) reports for those taking part to provide in-depth research into the market and highlight potential business contacts.

For more information about the wide range of support services available through UK Trade & Investment to help your company succeed overseas call the North East International Trade Hotline on 0845 05 05 054 or email: enquiries@uktinortheast.org.uk. You can also follow us on Twitter at twitter.com/UKTINorthEast.

This was posted in Bdaily's Members' News section by UKTI North East .