Ministers of the Economy of the Community of Portuguese-Speaking Countries (CPLP) closed a meeting held in Dili, Timor-Leste (East Timor), with the approval of a joint statement in which they recommended several courses of action.

These includes promotion of investment, institutional and business training, financing and strengthening competitiveness, and the group’s spokesman, the Timorese Minister for Trade, Industry and Environment, Constancio Pinto, said that these measures were intended to “make the CPLP meet the challenges of the global economy.”

Participants committed themselves to further develop complementary partnerships to “enhance the productive capacities and the strengthening of the offer of the respective markets, with the aim of creating groupings in strategic sectors,” according to Portuguese news agency Lusa.

To boost investments a working meeting between the counterpart agencies of the Member States was agreed, and participants recommended the creation and development of guarantee schemes for export risk coverage in the CPLP. (macauhub/AO/CV/GW/MZ/PT/ST/TL)