Trade between Cape Verde and the Brazilian state of Ceará falls due to logistics difficulties

7 May 2013

Exports from the Brazilian state of Ceará to Cape Verde fell from US$10.6 million to US$965,000 between 2008 and 2012, according to figures from the International Business Centre (CIN/CE) of the Federation of Industries of the State of Ceará (Fiec).

At the same time, Cape Verde’s involvement in Ceará’s balance of trade fell from 0.8 percent to 0.1 percent, whilst the State’s participation in Brazil’s trade with Cape Verde fell from 26.8 percent to 3.7 percent.

Brazilian newspaper Diário do Nordeste reported that according to CIN/CE the drop in trade is due to logistics problems between the two markets and businesspeople from Ceará and Cape Verde calling for the launch of a sea link.

“The ships that stop off at the Port of Praia are not large draught ships, and can thus moor at the Port of Mucuripe, as the two terminals offer similar conditions,” said the superintendent of CIN-CE, Eduardo Bezerra.

Bezerra also said that whilst a direct sea link between Fortaleza and Cape Verde would take seven days, in the current situation, in which goods first travel through European ports before arriving in Cape Verde, the route currently takes between 30 and 45 days.

“By increasing the time, the cost has risen exponentially, and we are currently seeking a ship owner to operate the route linking the port of Fortaleza to the port of Praia or Mindelo,” said the superintendent of CIN-CE.

In December of last year the newspaper reported that the start of operations of the new sea route between the port of Mucuripe, in Fortaleza, and Cape Verde had been postponed until 2013. (macauhub)