PM RENZI TO HEAD ANGOLA-MOZAMBIQUE-CONGO BUSINESS MISSION

(VELINO) Roma, 18 Jul - A top-level business delegation led byItalian Prime Minister Matteo Renzi is to begin a tri-nationtour of Angola, Mozambique and the Republic of Congo onSaturday. As part of the Italian government's broader businessinternationalisation efforts, the mission comes in the wake ofa Rome conference on Angola investment opportunities hosted bythe Italian Foreign Ministry earlier this year. The upcomingbusiness diplomacy tour will involve delegates from Italy'sbiggest industrial and employer associations and is preliminaryto a follow-up mission later this year, open to Italy's energy,construction, transport and agroindustry players, as

(VELINO) Roma, 18 Jul - A top-level business delegation led byItalian Prime Minister Matteo Renzi is to begin a tri-nationtour of Angola, Mozambique and the Republic of Congo onSaturday. As part of the Italian government's broader businessinternationalisation efforts, the mission comes in the wake ofa Rome conference on Angola investment opportunities hosted bythe Italian Foreign Ministry earlier this year. The upcomingbusiness diplomacy tour will involve delegates from Italy'sbiggest industrial and employer associations and is preliminaryto a follow-up mission later this year, open to Italy's energy,construction, transport and agroindustry players, as well asinnovative businesses. The three countries currently accountfor just 11 percent of Italy's Sub-Saharan exports, namely 600million euros. Angola, with a population of 20 million and aGDP of just under 132 billion dollars, accounts for more thanhalf that total. The mission seeks to tap the three countries'efforts to increase economic diversification, which are likelyto create opportunities for smaller businesses in the consumer,financial and construction services industries. Last yearalone, Italy's farming and textiles machinery exports soared 18percent. Other areas of potential interest include food andbeverages. The tri-nation tour was brokered by the ItalianCabinet, the Development and Foreign Ministries and localembassies. vel.