Angolan market is essential for economic recovery in Portugal

20 November 2013

Angola is an essential market for Portugal’s economic recovery, and there are currently around 8,000 companies exporting to the West African country, the chairman of the Portuguese Industrial Association (AIP) said in Coimbra, central Portugal.

Cited by the Portuguese press, José Eduardo Carvalho said that those 8,000 Portuguese companies exported goods to Angola worth 3 billion euros per year and added that Angola was Portugal’s second-biggest foreign export market.

The chairman of the AIP also said that the domestic market was fundamental, although it was not big enough to sustain 300,000 companies and added that there was still a lot of room for manoeuvre given that exports from similarly sized countries accounted for 70 percent of gross domestic product, which is much higher than the 30 percent seen in Portugal.

The meeting, which was attended by businesspeople and specialists from a number of areas, discussed issues related to increasing the number of Portuguese exporting companies, by increasing exports in “markets of the future” and with “internationalisation strategies,” “logistics and transport in the success of exports,” and “funding for exports by SMEs.”

Organised by AIP, in partnership with the Coimbra Regional Business Nucleus, the “Exporting for the 1st Time” seminar presented a programme of the same name, implemented by AIP to “expand the national export base, involving new companies and guide others to foreign markets that need consolidating.” (macauhub)