Portuguese exports expected to rise by 8 to 8.5 pct in 2006

25 October 2006

Lisbon, Portugal, 25 Oct – Portuguese exports are expected to increase by between 8 and 8.5 percent in 2006, driven by demand from Spain and, particularly, extra-community markets such as Angola, China, Brazil and Mexico, the president of Portuguese export promotions agency, ICEP, said Tuesday in Lisbon.

João Marques da Cruz said that exports were growing quickly, particularly outside the European Union (EU), with an increase of 31.2 percent from January to September, to 5.1 billion euros.

“The available indicators point to a favourable trend for exports throughout the year, which will make it possible to reach the growth of 5.6 percent projected in the 2006 budget,” he said.

Marques da Cruz also said that, “Portugal is undergoing a rapid process of change and diversification of exports and is moving away from being an exporter of low technology goods to an economy selling medium technology products.”

The president of ICEP was speaking at the Forum – Mission Export, which will run until November 16 in the Lisbon Congress Center, and which is the result of a joint initiative with the Portuguese Industrial Association (AIP). (macauhub)