Published in Economics
incentives incentives

Cape Verde government wants to upgrade special conditions on exports

  • Cape Verde's exports fell 15.4% in the third quarter 2016 over the same period 2015

Santa Maria - 27 October - Cape Verde government will create a special law on exports aiming to increase competitive conditions and improve domestic investors performance, as well as to attract foreign investment especially on tourism and fishing industry branches.

The executive has already started working on a decree law to change the fees related to inspections, exchanging rates and fares charged by the National Administration of Ports Company, Enapor .

National Institute of Statistics data indicates that Cape Verde's exports fell 15.4% in the third quarter 2016 over the same period 2015.

Among other exported products, prepared and preserved fish are ranked first, accounting for 46.1%, and the fish, crustaceans and molluscs 35,2%.

These figures were approached on Wednesday during a meeting in Praia between Minister of Economy and Employment, José Gonçalves, with Spanish businessmen.

Spain leads the table of the main customers of the archipelago, representing 75.9% of total exports, and its weight increased 17% over the same quarter.

According to the ambassador of Spain in Cape Verde, Caridad Batalla, entrepreneurs want a special regulatory framework and more benefits to increase investment in the Cape Verde.

Ocean Press – Editorial Office