Trade relations between Portugal and Cape Verde involve 2,800 Portuguese companies

16 November 2012

There are 2,800 Portuguese companies that either directly or indirectly have trade relations with Cape Verde, the Portuguese Secretary of State for the Economy and Regional Development said in Praia Thursday.

Speaking Wednesday ay the opening session of the 16th edition of the Cape Verde International Fair (FIC), António Almeida Henriques noted the “immense potential,” of Portuguese investment in the archipelago, remaining his audience that 45 percent of total Cape Verdean imports originated in Portugal.

According to Almeida Henriques, Portugal and Cabo Verde “complement each other,” and can establish important partnerships in areas such as construction, infrastructure, renewable energy, telecommunications, manufacturing industry, and agri-food industry, services and professional training, amongst others.

Portugal has its own pavilion at this year’s edition of FIC, which involves 25 Portuguese companies from a variety of sectors. Most of the companies at the fair are from Cape Verde (55 percent), but there are also companies from Brazil, Spain, Italy, the Netherlands, Czech Republic, and China.

FIC12 is this year split into the industrial segments of machinery and equipment, construction, housing, transport, information technology, agri-business, retail and services, consulting, automotive businesses, banking, insurance, and financial services. (macauhub)