Title: DRC-Angola Economic Forum: a crucial step towards regional integration
Introduction :
The second edition of the Democratic Republic of Congo (DRC) – Angola economic forum opened this Monday, November 13, 2023 in Luanda, Angola. Led by the Deputy Prime Minister, Minister of the National Economy, Vital Kamerhe, the Congolese delegation is participating in this event which constitutes an important step towards regional integration. In this article, we explore the objectives of this forum and the prospects for economic development between the DRC and Angola.
Towards regional integration:
The DRC plans to explore new horizons to promote its economic development. This involves in particular regional integration with neighboring countries. The Deputy Prime Minister emphasizes that the ties between Angola and the DRC are excellent, both diplomatically, economically and culturally. In addition to Angola, the DRC signed an agreement with Zambia for the pooling of efforts and strategies in the exploitation and transformation of strategic materials. It is therefore clear that the DRC is determined to work towards regional economic cooperation.
Strengthening economic cooperation:
The first edition of the DRC-Angola Economic Forum, held in Kinshasa, was a success. Recommendations were made, in particular on the application of a trade agreement aimed at the free movement of people, goods, services and capital between the two countries. To facilitate trade, it is necessary to harmonize import duties and taxes, as well as reduce administrative costs. In addition, Angola and the DRC have decided to renovate a railway line linking Congolese mining regions to the Atlantic Ocean, with the aim of reviving mineral exports and boosting their respective economies.
Future prospects :
The DRC-Angola economic forum is an opportunity to strengthen economic relations and explore new possibilities for cooperation. The DRC expresses its desire for regional integration with other countries, and this initiative could give rise to new economic and commercial partnerships. Pooling resources and strategies will promote sustainable and mutually beneficial development for both countries.
Conclusion :
The DRC-Angola economic forum constitutes a crucial step towards regional integration and the strengthening of economic relations between these two neighbors. The desire for cooperation and exploration of new horizons demonstrates the DRC’s commitment to promoting its economic development. Thanks to this initiative, new opportunities for economic and commercial partnerships will be able to emerge, thus promoting mutual and sustainable growth.