Mozambican President Filipe Nyusi begins a four-day visit to Portugal today, on the occasion of the 50th anniversary of April 25, with meetings planned with his Portuguese counterpart, Marcelo Rebelo de Sousa, and Prime Minister Luís Montenegro.
In astatement released today, the Presidency of the Republic of Mozambique said that Filipe Nyusi’s working visit will take place until April 27, at the invitation of Marcelo Rebelo de Sousa, during which “he will hold talks with his Portuguese counterpart on specific issues of bilateral cooperation, boosting trade and investment, as well as holding a meeting with the Prime Minister, Luís Montenegro”.
The Mozambican head of state “will also take part in the commemorations of the 50th anniversary of the April Revolution”, as well as “the relaunch” of the signal of the state-owned Televisão de Moçambique (TVM) in Portugal, and the launch of General Atanásio Mtumuke’s book “The End of the National Liberation Struggle in Mozambique: Operation Omar”.
Today, the Mozambican President will attend the signing of a protocol between business associations from Portugal and Mozambique, as part of the business forum taking place in the afternoon at the Belém Cultural Center in Lisbon.
The Portuguese Industrial Association (AIP) and the Confederation of Economic Associations of Mozambique (CTA) are holding a meeting with businesspeople from both countries this morning, ahead of the business forum taking place in the afternoon at the CCB.
This morning’s meeting aims to foster “the establishment of partnerships between companies from the two countries that will strengthen the economic and commercial relationship between Portugal and Mozambique”, reads the press release issued by AIP, which reports on the bilateral session, attended by AIP’s vice-president, Jorge Pais, and the president of the CTA, Agostinho Vuma.
The session follows a series of visits to companies in the Porto region and the Sines region, which the Mozambican businessmen made on Monday and Tuesday respectively, and precedes the Mozambique-Portugal Business Forum, which will be held in the afternoon at the Belém Cultural Center.
At this afternoon meeting at the CCB, a protocol will be signed in the presence of Filipe Nyusi, which “provides for the two associations to commit to encouraging investment in the countries they represent, to establishing partnerships between businesspeople from the two countries and to identifying business opportunities, in order to increase the economic and commercial relationship between Mozambique and Portugal”.
The Portuguese trade balance with Mozambique worsened by 2.4% last year, but remained positive at 448.2 million euros, continuing the favorable balance recorded in recent years.
According to data from the Agency for Investment and Foreign Trade of Portugal (AICEP) based on the Bank of Portugal, sent to Lusa, trade with Mozambique has always had a favorable balance for Portugal in the last five years, with 2022 being the year in which the balance tipped more towards Portugal.
The positive balance that year was 459.4 million euros, increasing from the 356.1 million recorded in 2021.
Mozambique is the 33rd customer of Portugal’s exports, representing 0.28% of sales, and is the 78th supplier, selling 0.03% of the goods that Portugal buys abroad, which means that its influence on the evolution of Portugal’s trade balance is very insignificant.
Mozambican investment in Portugal has always been below 100 million since 2019, peaking in 2022, with 94 million euros invested by Mozambican companies in Portugal, representing around 0.1% of total foreign investment.
