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Angola approves agenda for employment-investment agreement with EU

Luanda, Oct 25 (Prensa Latina) The Angolan Council of Ministers on Wednesday approved the Agenda for Employment, the Investment Facilitation Agreement with the European Union (EU), and analyzed the proposed National Security Law.

The Executive, headed by President João Lourenço, considered that the National Agenda for Employment establishes the guidelines for the coordinated action of the different stockholders, both public and private, in the field of the promotion of new jobs, according to the Facebook account of the Presidency.

The intention is to reduce the unemployment rate and overcome the inequality between labor supply and demand, as well as to reduce regional asymmetries, relevant issues for the fight against poverty and the maintenance of people in their places of origin.

The policy is the result of a consultation process based on a diagnosis of the situation and prospects for employment development in Angola, and will be promoted by the Ministry of Public Administration, Labor and Social Security.

The Council of Ministers also gave the green light to the Sustainable Investment Facilitation Agreement with the EU to stimulate the attraction, expansion and retention of foreign direct investments between the parties, for purposes of economic diversification and sustainable development, according to the same source.

In the last three years, Angola has accumulated investments of 3.5 billion euros in the European Union and the trade balance is favorable to Angola, with exports reaching 13.3 billion euros (dominated by oil), Minister of Economy and Planning Mário Caetano João explained.

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