Cape Verde to join WTO

Cape Verde will become a full member of the World Trade Organisation later this month, it has been confirmed.

The west African archipelago will become the 153rd member of the body now that it has met its various entry requirements.

According to NuBricks.com, this could potentially be good news for overseas property investors who own a residence in the country.

Chintan Mahida, property editor at the site, commented: "The Cape Verde government has demonstrated its ability to bring its trade and economic policies up to standard."

She described the move as "yet another feather" in the country's cap which could help reinforce its investment credentials.

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.