On April 1, 2014, the Office of the United States Trade Representative (USTR) issued a press release on the second meeting of the U.S.-Angola Council on Trade and Investment (TIFA Council) aimed to enhance U.S.-Angolan trade and investment relations pursuant to the Trade and Investment Framework Agreement (TIFA), signed by both economies in 2009.
According to the release, “Discussions focused on several common objectives, including the U.S.-Angola trade and investment relationship, small and medium-sized enterprises, utilization of AGOA, protection of intellectual property rights, agri-business prospects and development, and improving bilateral investment opportunities.”
In 2013, U.S. exports to Angola were valued at $1.5 billion, the main categories being:
- Machinery ($533 million)
- Meat (poultry) ($249 million)
- Iron and steel products ($133 million)
- Electrical machinery ($104 million)
- Optic and medical instruments ($62 million)
Exports from Angola to the U.S. were valued at $8.7 billion and comprised of the following goods:
- Crude oil ($8.7 billion)
- Precious stones (diamonds) ($19 million)
- Special other (returns) ($5 million)
- Wood ($1 million)
- Rubber ($71 thousand)
The press release can be accessed here
