Portugal should benefit from the growth potential of exports to Ibero-American markets

Lisbon, 01 October (Lusa) – The President of the Portuguese Industrial Association (AIP) defended today in Lisbon that Portugal "should benefit from the growth potential" that exists in Ibero-American countries for the growth of national exports.

"Our exports to the AICO – Ibero-American Association or Chambers of Commerce markets represent only three percent of the total," said José Eduardo Carvalho, "on these markets.

José Eduardo Carvalho, president of AIP, spoke at the opening session of the conference "Perspectives of Latin America on the economic dynamics with Europe and the CPLP", organized by the Portuguese Industrial Association – Chamber of Commerce and Industry, General of the Ibero American Association of Chambers of Commerce (AICO), which takes place in Lisbon, and where there were no representatives from Venezuela.

The AIP official also said to entrepreneurs from more than 20 Ibero-American countries that "there is a favorable environment for investments and business activities in our country today."

Portugal went through a period of financial rescue that resulted in "the implementation of a draconian financial rescue plan, with consequences for its corporate structure", he said, recalling the 400,000 companies or commercial companies that existed in 2009, 220,000 disappeared until 2016, equivalent to more than a third of the companies in Portugal.

"The priority of business and associations was to improve the management processes, and we managed to get out of this nightmare." At present, there is a remarkable economic momentum, he said, noting that one of the country's greatest challenges is the weight of exports to "intra-community" markets representing 73% of the total.

"They are starting to see the basis of our strategy in working with AICO," he told the audience of business leaders from Ibero-American countries.

AICO represents the chambers of commerce of 23 countries in Latin America, the Caribbean, the Iberian Peninsula and the Spanish and Portuguese communities in the United States.


Lusa / The End

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