CCISS wants relocation of Portuguese companies to strengthen Cabo Verde’s productive capacity

Praia, Apr 12 (Inforpress) – The president of the CCISS, Jorge Spencer Lima, requested Wednesday the support of the Portuguese Secretary of State for Trade, Paulo Ferreira, to bring Portuguese companies to strengthen the country’s productive capacity.

Jorge Spencer Lima, who was accompanied by other members of the board of the Sotavento Chamber of Commerce Industry and Services (CCISS), launched this challenge during a meeting with the Portuguese ruler who is visiting Cabo Verde, requesting Portugal a credit line to Cabo Verde to support Portuguese exports and consequently imports of Cabo Verde from Portugal.

The president of the CCISS recalled that Portugal is a traditional trading partner of Cabo Verde, and in terms of imports comes first, filling about 43 percent of Cabo Verdean purchases.

“It means that this relationship is very close and very strong and in this sense we launched a challenge to study the possibility of opening a credit line from Portugal to Cabo Verde to support Portuguese exports and consequently support imports of Cabo Verde from Portugal,” he said.

However, he noted that trade relations between the two countries present a “very large” deficit where the coverage of exports to Cabo Verdean imports represents only 6%.