Brazil execs seek Cape Verde partnerships

5 November 2009

Fortaleza, Brazil, 5 Nov – Brazilian entrepreneurs are attending this week’s Cape Verde International Fair as the archipelago could offer an opening into African markets, says Ruby Arauju, head of the Brazil-Cape Verde Chamber of Commerce in Brazil’s Ceara state.

Arauju told Portuguese news agency Lusa that interest in Cape Verde’s markets relates to establishment of accords in the manufacturing sectors as well as selling of products.

“In a partnership system Brazilian products could be finished off by local firms and exported to other countries with the advantage of reduced customs duties.”

Marta Campelo, manager of the internationalization program of the Brazilian Service of Support to Micro and Small Companies in Ceara (Sebrae-CE), said between 20 and 25 firms in Ceara export products to Cape Verde and the plan is to increase this business.

Sebrae Nacional is implementing a partnership with its north-eastern units in a project that envisages ventures with Lusophone states and Cape Verde will be the first of these, added Campelo.

The Ceara body, in conjunction with the Federation of Industries (Fiec) is organizing participation of local firms at the 13th International Cape Verde Fair running 18-22 November in Mindelo on Sao Vicente island.

Marta Cabral said around 20 firms, mainly from Ceara, are participating at the event from sectors including furniture, footwear and bags, foodstuffs, construction, garments and handicraft.

Ceara’s exports to Cape Verde began 10 years ago and include iron and steel rods, furnaces, ceramics and furniture. These sales were valued at US$ 620,641 from January to September this year – a fall of 93 percent year-on-year.

Ceara is three hours, forty minutes flying time from Cape Verde and linked with a weekly flight by Cape Verde carrier TACV. This route is due to get more flights next year. (macauhub)