• 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

Brazilian Volunteers Teaching to Read Win UNESCO Award

A Brazilian educational project carried out in Curitiba, capital of the southern Brazilian state ...

Brazil Recognizes There’s Still a Long Way to Integrate Indians in Society

The executive secretary of Brazil’s Ministry of Justice, Luiz Paulo Barreto, participated, Tuesday, March ...

Havaianas flip flop

Brazil’s Flip-Flop Maker, Alpargatas, Is Celebrating 100th Anniversary

Alpargatas, manufacturer of the world-renowned Havaianas flip-flops, will turn 100 years old in April. ...

Brazil: New Focus Helps Amazonas Reduce Deforestation by 39%

While the total deforested area in the Amazon increased 6% between 2003-2004, according to ...

Brazil Sends Food to Flood Victims in Bolivia

Brazilian President Luiz Inácio Lula da Silva ordered that humanitarian aid be sent to ...

All You Can Fly in Brazil. For Less than US$ 300

Brazilian airline Azul is offering a one-month passport deal that will take you all ...

2006, the Year Brazil Turns from Oil Importer to Exporter

Brazil’s government owned energy giant Petrobras plans to increase investments by 48% in 2006 ...

For Brazil’s Central Bank Chief Economy Is Already on the Rebound

The economy of Brazil is showing "clear signs of recovery", in the evaluation of ...

Brazilian College, a Whites-only Club

A University of the State of Rio de Janeiro study based upon the 2000 ...

Brazil Ready to Use 20-Minute HIV Tests

Brazil will start performing “rapid tests” for the diagnosis of AIDS until the end ...