Mozambique: Northern Corridor modernises goods inspection
Lisbom (wikimedia commons)
A presentation on business and investment opportunities in Mozambique will take place in Lisbon and Oporto from today until Friday, investment promotion agencies in both countries announced.
The roadshow, led by the Minister of Industry and Commerce, Ragendra de Sousa, includes visits to the headquarters of different companies and entities and also to business forums, on Tuesday in Lisbon and on Wednesday in Oporto.
Minister Ragendra de Sousa (File photo)
The “meetings aim to strengthen bilateral economic relations and promote business and investment in Mozambique,” promoting institutions the Agency for Investment and Foreign Trade of Portugal (AICEP) and by the Agency for the Promotion of Investment and Exports of Mozambique (Apiex) say.
According to the latest yearbook on foreign trade of the National Institute of Statistics (INE) of Mozambique, exports from Mozambique to Portugal were worth 27.9 million Euros in 2016, 42.5 percent from crustaceans and 45.2 percent from sugar.
Portugal is only fifth among the top 10 export destinations in Mozambique, the same as in 2015.
In 2016, Mozambique imported from Portugal goods worth US$261.8 million, dispersed over a list of about 900 products without any special preponderance but led by iron and steel materials for construction, electrical supplies, books and print, furniture and wine.