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Trade and Economic Overview of the Portuguese-Speaking Countries
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Portugal is committed to modernising the country and is continuously improving the ability to innovate and reform. It is not only more competitive in international markets especially outside the EU, but is also stabilising and sustaining economic development and maintaining a good business environment. The exports from Portugal continue to rise and foreign investment has also gradually increased.

Portugal is undergoing constant reform and innovation and its renewable energy, mobile power supply, automobile, aerospace and pharmaceutical industries have introduced many new technologies. Therefore, Portuguese products have gained success and a good reputation in the current highly competitive international markets through creative design. Portugal is also committed to simplifying administrative procedures to facilitate the lives of people and investors.

Portugal is a country boasting lots of outstanding talent in sports, architecture, science and culture, with the increasingly high quality of its human resources so that tourists and business people think that Portugal is a peaceful and safe country with a long history and co-existence of different cultures. Visitors can appreciate its natural scenery in a comfortable climate. The Portuguese people are hospitable, open-minded and brave to face challenges and work towards success.

Cape Verde

Cape Verde is located on the Cape Verde archipelago in the North Atlantic Ocean is a vital transport hub for the four continents of America, Africa, Europe and Asia and is therefore known as the “Crossroad of the Continents”. Cape Verde, which means “green cape”, has an area of about 4,033 square kilometres and a population of 512,000, and the entire archipelago is of volcanic origin.

Cape Verde has a service-based economy and the output value of the service sector accounts for more than 70% of its GDP. Cape Verde is rich in marine resources. Due to its favourable geological location, its services and tourism industry play an important role in domestic economy. Daily necessities and industrial raw materials are mainly imported from abroad.

China established diplomatic relations with Cape Verde in 1976, and an investment protection agreement and a trade agreement have been signed between the two. The bilateral trade between China and Cape Verde amounted to US$ 61.996 million in 2013.

Guinea Bissau

"Guinea-Bissau, one of the participating countries of the Forum for Economic and Trade Co-operation between China and the Portuguese-speaking Countries, is located in the westernmost part of Africa and has an area of about 36,100 square kilometres with a population of about 1.6 million."

"Guinea-Bissau has an agriculture-based economy and is rich in fishery resources. Issuing fishing licences and the export of fish products are its main source of foreign exchange earnings. The mineral resources are bauxite and phosphates. In 1998, China restored diplomatic relations with Guinea-Bissau, and later bilateral trade was developed. The bilateral trade between China and Guinea-Bissau amounted to US$28.59 million in 2012. There are a huge space and promising prospects for co-operation between China and Guinea-Bissau in the fisheries."


"Brazil, the largest economy in Latin America, has become increasingly active and is now one of the most attractive markets as far as business opportunities and the regional and international political arena is concerned. The economic system and sustained macroeconomic growth of Brazil provide a good environment, plus the social inclusion and effective policies adopted by the government and the efforts to improve income distribution, enable Brazil to be a base for export enterprise groups and a safe destination for investment funds."

"In designing and creating sustainable products and services with strong brands, Brazilian enterprises are world-renowned for their innovation capacity, competitiveness and high quality.On such a macro premise, China became the main trading partner of Brazil. In 2013, Brazil exported US$ 54.1 billion worth of goods to China and imported US$36.2 billion from China."

"To further strengthen this partnership, the Brazilian Export and Investment Promotion Agency has established a business representative office in Beijing. Seminars, exhibitions and trade delegations are also organised by the Brazilian Export and Investment Promotion Agency on a systematic and on-going basis."

Sao Tome and Principe

The islands state of Sao Tome and Principe is one of the smallest country in Africa. It is located in the Gulf of Guinea just north of Equator and 300 km west of Gabon.

Sao Tome and Principe has a tropical climate characterized by hot and humid conditions that are influenced and modified by the mountainous topography. Sao Tome mainly exports products including cocoa, copra, palm, kernels, and coffe. Sao Tome mostly imports fuels, consumer goods, and food. The scenic islands have potential for tourism, and the government is attempting to improve its tourist industry infrastructure.


"Angola is located on the west coast of southern Africa on the Atlantic Ocean. It covers a total area of about 1.2467 million square kilometres and a population of about 22 million."

"Angola is rich in oil, natural gas and mineral resources. The proven oil reserves of Angola amount to more than 13.1 billion barrels, and its natural gas reserves are 7,000 billion m3. The main mineral resources are diamonds, iron, phosphates, copper, manganese, lead, tin, zinc, tungsten, gold, quartz, marble, granite etc. The total reserves of diamonds are about 370 million carats, iron ore 1.7 billion tonnes, manganese ore nearly 100 million tonnes and phosphate 200 million tonnes. Forest coverage is 53 million hectares, mainly consisting of ebony, African white sandalwood, rosewood and other valuable timber."

"China established diplomatic relations with Angola in 1983. Total trade volume between Angola and China was US$35.94 billion in 2013, among which China imported US$31.97 billion worth of goods from Angola and exported US$3.965 billion to Angola. Angola has been China's largest trading partner in Africa for years. China mainly imports oil from Angola and exports electrical and mechanical products, building materials, textiles to Angola."


"Located in south-east Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Swaziland and South Africa to the south- west, Mozambique has an area of about 799,400 square kilometres and a population of 23.7 million."

"Mozambique is rich in resources, 51% of the total area is covered by forests, and the total amount of forest resources is about 1.74 billion m3; the main mineral resources are coal, iron, bauxite, uranium, graphite and diamonds, in which coal reserves are more than 10 billion tonnes, titanium reserves are more than 6 million tonnes and tantalum ore reserves rank first in the world."

"Mozambique has an agriculture-based economy, with pillar industries as the processing of agricultural products such as grains and sisal hemp. Since a number of large joint ventures including an aluminium smelter were put into operation in 2001, the foreign trade and exports of Mozambique have increased significantly in recent years, and the manufacturing industry has replaced agriculture and fishing as the main export industry. Major exports include aluminium ingots, electricity, prawns, sugar and cotton. The main imports include grains, raw materials, petroleum, mechanical equipment and spare parts."

"China established diplomatic relations with Mozambique in 1975. China has aided Mozambique in a variety of ways with projects involving textiles, steel, municipal construction, water conservancy projects and aquatic breeding. In 2012, the bilateral trade between China and Mozambique amounted to US$1.64 billion."





East Timor

"Located on the eastern end of the Lesser Sunda Islands, East Timor borders the south-east part of Indonesia. It has an area of about 15,000 square kilometres and a population of about 1.21 million. The capital of East Timor is Dili."

"East Timor is located in the tropical zone with mineral resources such as gold, manganese, chromium, tin and copper, the ocean is rich in oil and natural gas reserves. The economy of East Timor is dominated by agriculture, and the agricultural population accounts for 90% of its total populace. The agricultural products mainly include corn, rice, potatoes, and the cash crops are coffee, rubber, sandalwood, coconut. East Timor is a mountainous country with a large number of lakes, springs and beaches, so it has a huge tourism potential."

"China established diplomatic relations with East Timor in May 2002. Bilateral trade between China and East Timor began in 2003, and the Agreement on Economic and Technical Co-operation was signed between the two governments in 2005. In 2013, bilateral trade between China and East Timor amounted to US$47.783 million."