Subscribe free to our newsletters via your
. Nuclear Energy News .




TRADE WARS
China grants 95% tariff discount for Angolan exports
by Staff Writers
Luanda (AFP) Nov 01, 2012


China has granted a 95 percent tariff discount to exports coming from oil-rich Angola, officials said Thursday, after the signing of a new round of trade deals.

Previously Angola exports entered China with a 65 percent discount from normal tariff rates.

Crude makes up about 90 percent of Angolan exports to China.

Africa's second largest oil producer, Angola is the largest supplier of crude to China.

It also exports smaller quantities of diamonds, coffee, sisal and fish.

The decision to reduce the effective tariff rate was part of the three deals signed by the two countries in Luanda on Wednesday.

"China is a very important trading partner for Angola and our country is a prime destination for Chinese investment in Africa," Andre Panzo, the director responsible for Asia in the foreign ministry, told AFP.

Two other deals will see the renovation and expansion of the Luanda General Hospital, and the construction an agricultural research centre.

Angola has maintained close economic ties with China since peace returned to the African country in April 2002.

China has granted credit lines worth several billion dollars to the administration of President Jose Eduardo dos Santos for the rebuilding of infrastructure destroyed during the civil war.

Seeking to tap into Africa's vast natural resources on the continent, Beijing has poured money into the continent over the last 15 years.

China became the continent's largest trading partner in 2009.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
ArcelorMittal reports plungs into loss on weak Chinese demand for steel
Paris (AFP) Oct 31, 2012
Top world steelmaker ArcelorMittal plunged into quarterly loss and slashed its stock dividend on Wednesday, blaming a slump in Chinese demand and operating losses in Europe, and sending its share price sharply down in Paris. ArcelorMittal reported a third quarter net loss of $709 million (546 million euros) and said that cutting debt was now a priority. In the third quarter of last year, ... read more


TRADE WARS
Biofuel breakthrough: Quick cook method turns algae into oil

Switching to an energy crop: Break even or make a profit?

New enzyme 'produces more fuel from less corn,' Danish company says

Scientists build 'nanobowls' to protect catalysts needed for better biofuel production

TRADE WARS
Stanford scientists build the first all-carbon solar cell

China probes EU solar imports

Tokelau achieves renewable power

Next-generation antireflection coatings could improve solar photovoltaic cell efficiency

TRADE WARS
China backs suit against Obama over wind farm deal

DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

TRADE WARS
Sustainable cities must look beyond city limits

Outside View: Energy companies' taxes

Virgin Group and Rosnano announce joint investment fund

Efforts to mitigate climate change must target energy efficiency

TRADE WARS
The hunt for electron holes

Maurel Prom reveals approach for Gabon oil assets, report names suitor Sinopec

Iraq, Kuwait battle over gulf megaports

BG Group says it sells Queensland gas interests to China's CNOOC

TRADE WARS
Physicists confirm first planet discovered in a quadruple star system

Planet-hunt data released to public

New Study Brings a Doubted Exoplanet 'Back from the Dead'

New small satellite will study super-Earths for ESA

TRADE WARS
Philippines to get five French patrol boats

BAE says wins further submarine design contract

U.S. 'mulls buying Israeli robot gunboats'

UK Ministry of Defence awards Raytheon new Phalanx contract

TRADE WARS
Curiosity's Tastes of Martian Soil Offer Insights on Mineral Composition

NASA Rover's First Soil Studies Help Fingerprint Martian Minerals

Curiosity on Mars sits on rocks similar to those found in marshes in Mexico

Continuing Work With Scoops at 'Rocknest'




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement