Angola–Portugal relations recession, had made buying large corporations that they would not have been able to afford if Portugal had not been in a crisis an easy picking for the Angolan government. Portugal had also sold some real estate and port wine estates. Angola now had stakes in the Portuguese economy from banking to energy to media. Angola–Portugal relations Angola–Portugal relations have significantly improved since the Angolan government abandoned communism and nominally embraced democracy in 1991, embracing a pro-U.S. and to a lesser degree pro-Europe foreign policy. Portugal ruled Angola for 400 years, colonizing the territory from 1483 until independence in 1975.
Economy of Angola information on [Angola's] efforts to enforce child labor law". Diamonds accounted for 1.48% of Angolan exports in 2014. Under Portuguese rule, Angola began mining iron in 1957, producing 1.2 million tons in 1967 and 6.2 million tons by 1971. In the early 1970s, 70% of Portuguese Angola's iron exports went to Western Europe and Japan. After independence in 1975, the Angolan Civil War (1975–2002) destroyed most of the territory's mining infrastructure. The redevelopment of the Angolan mining industry started in the late 2000s. Economy of Angola The Economy of Angola is one of the fastest-growing in the world, with reported