Portuguese prime minister to make official visit to Brazil between August 8 and 12

29 June 2006

Lisbon, Portugal, 29 June – Portugal’s prime minister, José Sócrates, will make an official visit between August 8 and 12 to Brazil, a country which the Portuguese government sees as a priority in it foreign policy.

According to the prime minister’s office, Sócrates will travel to Brazil at the invitation of Brazilian President, Luiz Inácio Lula da Silva, which followed on from the two politicians taking part in the 8th Portuguese-Brazilian summit, held last October.

Sócrates is expected to visit Brasilia, Sao Paulo and Rio de Janeiro.

The two countries are focussing on a boost to trade relations as a result of the recent opening of the Brazilian Product Distribution Center by Brazilian export promotion agency, Apex, in Vialonga on the outskirts of Lisbon.

The Center is a logistics and warehouse infrastructure which opened with 80 companies representing 20 sectors of the Brazilian economy.

Last year, trade between Brazil and Portugal reached a record US$1.25 billion, a figure expected to be surpassed this year.

Brazil also plans to encourage Portuguese investment in Brazil, which has been increasing in relation to last year.

According to figures from the Brazilian Central Bank, in the first five months of the year Portuguese investments in Brazil totalled US$115 million, or almost three-fold what was invested in tehs ame period fo 2005 (US$41 million). (macauhub)

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