Businesspeople in delegation of Mozambican president to have business meeting in Sao Paulo

4 September 2007

Sao Paulo, Brazil, 4 Sept – Around 60 Mozambican businesspeople accompanying president Armando Guebuza on an official visit to Brazil will have a business meeting with the Federation of Industries of Sao Paulo (Fiesp), on Wednesday.

The meeting of businesspeople from Sao Paulo and Mozambique will take place immediately after the meeting between Guebuza and the president of Fiesp, Paulo Skaf.

The Mozambican president’s meeting with the head of the largest Brazilian business association, according to a press statement, will focus on investments in both countries and the growth of bilateral trade.

Trade between Brazil and Mozambique last year totaled just US$35.2 million, with US$35.1 million accounted for by Brazilian exports.

In 2006, Brazil imported just US$15,900 in Mozambican products, a figure that according to Fiesp shows the need to “boost the bilateral relationship.”

On Wednesday, after a meeting with the president of Fiesp and the business meeting, Guebuza and his delegation will visit a biofuel production unit in the interior of Sao Paulo.

The state of Sao Paulo is the largest producer of ethanol in Brazil and is responsible for 72.4 percent of Brazilian exports. According to information from the state government, Mozambicans are interested in the technology used in ethanol production.

On Thursday, Guebuza will travel to Brasilia for a working meeting and official lunch with the president of Brazil, Luiz Inácio Lula da Silva.

On September 7, the president of Mozambique will take in the celebration of Brazil’s independence.

During Guebuza’s visit a protocol for biofuel cooperation and memoranda of understanding to set up a political consultation mechanism will be signed. (macauhub)