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Cape Verde tipped to become international hub for trade

Date : (News Section: Cape Verde)


The Cape Verde islands could become a major hub for international trade and commerce, a leading diplomat has said.

Marianne Myles, the new US ambassador to the west African nation, stated that the country is situated along an important global shipping route.

In addition, she said the country has established a special relationship with the US, the European Union and has become a member of the World Trade Organisation.

Therefore, she believes it could become a "transatlantic bridge" for trade, investment and tourism.

Ms Myles commented: "Cape Verde is a success story in Africa."

"[The country] has made major improvements and achieved high levels of performance."

She added that Cape Verde has becoming an African "success story", as it is one of the oldest and strongest democracies in the continent.

According to the Organisation of Economic Cooperation and Development, Cape Verde's economy grew by 6.6 per cent last year.

Figures cited by MacauHub show that it is expecting this rate of growth to increase to 7.6 per cent in 2008.



Article by +James Roberts on behalf of

Read More

  1. 17 January 2013 - Cape Verdean economic freedom greatest of all Portuguese language countries
  2. 16 October 2012 - "Real bargains" on offer in Cape Verde property market
  3. 11 October 2012 - Cape Verde property has "great potential"
  4. 14 June 2012 - "Bright future" for Cape Verde real estate market
  5. 12 June 2012 - Cape Verde's Sal 'a good option' for property investors

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