Shipping line between Brazil and Cabo Verde due to generate business worth US$50 million

16 December 2013

The shipping line between Brazil and Cabo Verde (Cape Verde), which is due to be launched this week, is expected to generate business worth US$50 million in the first year of operations, said the executive secretary of the Ceará Chamber of Foreign Trade, Roberto Marinho.

According to Marinho, the main aim of opening up the new shipping line is to turn Cabo Verde into a platform for selling Brazilian products and services in Africa, making use of the business facilities on the West African archipelago.

“We are also working on getting Brazilian brands to set themselves up in Cabo Verde through its industries, allowing for use of the trade agreements that Cabo Verde has with the United States, the European Union and ECOWAS,” Marinho told Brazilian news website “O Povo”.

Marinho added that the next steps to be taken would be to consolidate the route and expand shipments of products to Senegal, Guinea Bissau, Benin, Sao Tome and Principe and Angola, and potentially to other countries that show interest.

“We want to turn Cabo Verde into a trade and services platform because we believe that it has the geographical, political, social and democratic and other conditions to do so,” said the executive secretary of the Ceará Chamber of Foreign Trade.

The launch of the shipping line between Cabo Verde and the Brazilian state of Ceará is part of the “Projecto África” project put in place by the Trade Brasil Mix company, and the first shipment is due to arrive in the port of Praia on Tuesday 17th December. (macauhub)

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