• Categories
  • Archives

Brazil Sees Cape Verde as Warehouse for Its Products

In addition to the various cooperation agreements signed on January 14 with Cape Verde, Brazil hopes that the contacts there will also increase business.

“There is no reason to perceive a contradiction between business and cooperation. Indeed, business is a sophisticated form of cooperation,” affirmed the Brazilian Chancellor, Celso Amorim.


Amorim recalled that “President Lula has also challenged Brazilian entrepreneurs to become multinational,” and he said that he hopes for investments in the country, especially from the state of Ceará, which is only a three-hour flight from Cape Verde.


“We are dealing with a potential center for the distribution of Brazilian products,” the Chancellor explained, recalling the fact that Cape Verde receives favorable treatment from the rich countries as a result of the international agreement known as the General System of Preferences.


According to the Itamaraty, Brazil’s Ministry of Foreign Relations, Cape Verde receives, on the average, US$ 80 million each year – around 10% of its Gross Domestic Product (GDP) -, and 14% of its GDP comes from the so-called “remittance economy,” from the nearly 1 million Cape Verde citizens and their offspring who live in other countries, chiefly the United States.


During Friday’s visit, Brazil reinforced its support for Cape Verde’s entry into the World Trade Organization, as well as guaranteeing that a Brazilian business mission will visit the archipelago in the near future.


Entrepreneurs who are participating in the delegation led by Amorim for the sake of “market prospecting” indicate that Brazilian companies could participate in public works and the supply of medical equipment, “if there are feasible proposals,” according to Ricardo Machado, of the Etesco construction firm in São Paulo.


Regarding Brazilian investments to produce in Cape Verde, Rubens Dias de Morais, from the Brazilian Machine Industry Association (Abimaq), says that “they are viable, so long as there are the appropriate trade agreements.” In his opinion, “Africa is a universe of opportunities.”


Morais, who is the president of Jumil, which manufactures agricultural machinery and implements, also referred to the possibility of business opportunities for Brazilian firms in countries such as Angola, Namibia, and Nigeria.


“It is business that provides the foundation for these diplomatic initiatives. We pay for all of this. We must be present on these occasions,” he affirmed.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Runoff’s First Poll Shows Lula Ahead in Brazil

Brazilian President Luiz Inácio Lula da Silva launched his runoff presidential campaign leading his ...

Brazil’s Federal Workers Go on Strike to Protest Lula’s Temporary Decree

Brazil’s IRS (Receita Federal) fiscal auditors have begun a 48-hour strike to protest the ...

An ATM machine in Salvador, Bahia, Brazil

Dealing with ATM Machines in Brazil Is Easier Said than Done

In my previous article I wrote about the difficulties of withdrawing money at ATMs ...

70% of Brazilian Nitro Quí­mica’s Production Go Overseas

Sales of nitrocellulose by company Nitro QuÀ­mica, a subsidiary of Votorantim Group, to the ...

Terminator Seeds Would Cost Brazilian Soy Growers US$ 400 Million

So-called suicide or terminator seeds, which germinate only once forcing farmers to buy new ...

Brazilians Love to Talk to Anyone at Any Time

It’s 3 a.m. in Brazil, and birds are singing outside my window. In the ...

Sudan Wants All the Help It Can Get from Brazil for Its Own Flex-Fuel Program

Similar to Brazil, Sudan wants to have flex-fuel cars, a technology that enables vehicles ...

Brazil’s Foreign Reserves Cross US$ 300 Bi Mark. A Costly Venture for Government

For the first time ever, Brazilian reserves surpassed the symbolic mark of US$ 300 ...

Brazil Congress Votes this Month on Eliminating Visas for US Tourists

Brazil’s Minister of Tourism, Walfrido dos Mares Guia, speaking at the São Paulo Industrial ...

For IMF, Brazil’s 51.5% Debt/GDP Ratio is Too High

The ratio between Brazil’s debt and its Gross Domestic Product (GDP), the total wealth ...