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FOREIGN TRADE
The Major Exportable Commodities of the country are crude oil, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products, and timber.
Exports partners of the country are U.S, China, Taiwan and France.
The Imports Commodities of the country are machinery and electrical equipment, medicines, food ,vehicles and spare parts, textiles and military goods.
Major Imports Partners of the country are Portugal, U.S., South Africa, Japan, France , Brazil , UK and China.
The levels of exports and imports of the country is shown through the following diagram.
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The following table shows the clear picture upon the over all trade situation of the country.
| Global links |
| Merchandise trade (% of GDP) |
120.1 |
108.4 |
104.4 |
|
| Net barter terms of trade (2000 = 100) |
100.0 |
98.4 |
121.2 |
|
| Foreign direct investment, net inflows (BoP, current US$) |
879.0 million |
3.5 billion |
1.4 billion |
|
| Long-termdebt (DOD, current US$) |
8.1 billion |
8.2 billion |
8.6 billion |
|
| Present value of debt (% of GNI) |
.. |
.. |
68.5 |
|
| Total debt service (% of exports of goods, services and income) |
20.7 |
14.0 |
14.8 |
|
| Official development assistance and official aid (current US$) |
306.7 million |
497.1 million |
1.1 billion |
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CONCLUSION
Angola joined the World Bank in the year 1989. Since then the World Bank has stepped forward with its country assistance strategy for maintaining high economic growth rate and reducing poverty.
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