Doing Business In (Insert Country Name Here)

Chapter 1: Doing Business In Angola• Market Overview• Market Challenges• Market Opportunities• Market Entry StrategyMarket OverviewReturn to top2006 Economic Indicators and Trade Statistics---------------------------------------------------------------- GDP (US $ bn): 66.8-- Real GDP growth (%): 19.5-- Inflation (%): 10-- Exports of goods fob (US$ b): 30.7-- Exports to the US (% share): 32.2-- Imports of goods fob (US$ b): 9.4-- Imports from the US (% share): 19.1-- Current-account balance (US$ b): 8.8-- Foreign-exchange reserves excl gold (US$ b): 4.8-- Exchange rate (av) Kz:US$: 80.01Sources: IMF, WB, Government of Angola, Economist Intelligence Unit-- Angola is enjoying one of the fastest growth rates in the world due to high oil prices,increased production and a post-civil war reconstruction boom.-- The Angolan market presents a high return, but high risk, opportunity to investors andexporters.-- Angola’s first nationwide elections may be held in late 2008.-- Major trading partners include the U.S., Portugal, China, South Africa, Japan, andBrazil. Trade with the U.S. is dominated by the oil industry.Market ChallengesReturn to topBarriers to Market Entry--------------------------------- All investments above $100,000 require government approval.-- The registration and licensing process is bureaucratic and time-consuming.-- The government must approve any project involving a concession - this affects allpetroleum, mining, and fisheries investments.-- Special regulations control entry into the telecommunication and finance sectors.-- Companies must submit an Environmental Impact Study for approval prior toconsideration of any project that could impact the environment.2/13/2007