Banco Société Générale Moçambique presents major changes on exchange rate norms and procedures
Starting on Thursday 5 July, the city of Maputo will host the 3rd Portugal-Mozambique Summit, which will analyse the economic, trade and political-diplomatic relations between the two countries of the Community of Portuguese Speaking Countries (CPLP), with the Portuguese delegation headed up by the prime minister, according to the Mozambican press.
Portugal is the seventh biggest supplier of goods to Mozambique, with more than half of sales related to machines, appliances, chemicals and common metals, while Portugal mainly imports agricultural products and seafood from the East African nation.
The first summit between Portugal and Mozambique took place on 29 November 2011 in Lisbon, with a delegation headed by the then Mozambican President Armando Guebuza and, on the Portuguese side, Pedro Passos Coelho, Portuguese Prime Minister between 2011 and 2015.
The Second Summit between the two States, which was initially scheduled for the following year, was only held on 26 March 2014 in Maputo, culminating in the signing of two dozen cooperation agreements in the areas of Fisheries and Aquaculture, Agriculture, Defence, Health, Education, Maritime Transport, Ports, Water and Sanitation, among others.
The two countries agreed to hold the 3rd summit in Portugal in 2015, but this is happening three years later than planned and in Mozambique.Source: Macauhub