{"id":37814,"date":"2023-04-29T11:21:37","date_gmt":"2023-04-29T11:21:37","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade"},"modified":"2023-04-29T11:43:27","modified_gmt":"2023-04-29T11:43:27","slug":"local-french-officials-call-for-more-bilateral-investment-trade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade","title":{"rendered":"Local, French officials call for more bilateral investment, trade"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The governments of Mozambique and France on Monday in Maputo called for the intensification and diversification of bilateral investment and trade, exploring the potential between the two countries.<\/p>\n

\u201cThe potential and competitive capacity that France offers in terms of capital, technology and experience makes it a privileged partner of Mozambique,\u201d said Mozambique\u2019s minister of industry and trade, Silvino Moreno.<\/p>\n

Moreno was speaking during a business forum between Mozambique and France, which is being held on Monday and Tuesday in Maputo.<\/p>\n

The minister said that Mozambique is counting on investors from France to help with the industrialisation of the country, with a view to reducing its dependence on the export of raw materials, in order to sell more processed products with added value.<\/p>\n

Agriculture, energy, infrastructure, industry, mineral resources and tourism are all areas with enormous investment potential in the African country, he added.<\/p>\n

The minister stressed that the country wants to reduce the imbalance in its trade with France by selling more to that European country.<\/p>\n

Between 2018 and 2019, the minister of industry and trade noted, Mozambique had exports equivalent to about $200 million (\u20ac181.7 million) to France and imported from it about $700 million (\u20ac636 million), illustrating the huge asymmetry in trade flows between the two countries.<\/p>\n

For his part, France\u2019s ambassador to Mozambique, Yann Pradeau, argued that the two countries should capitalise on the momentum created by the colossal investment by France-based multinational TotalEnergies in natural gas projects in the Rovuma basin to boost bilateral economic and business relations.<\/p>\n

\u201cThe dynamic of Franco-Mozambican partnerships is here,\u201d Pradeau stressed. \u201cThis dynamic is symbolised by one of the largest investments by a French company, TotalEnergies.\u201d<\/p>\n

The diplomat noted that the authorities in Mozambique have undertaken measures to make the country more attractive to foreign business, such as the exemption of short-term business visas, as part of the Economic Acceleration Package (EAP) approved in August.<\/p>\n

\u201cThe government of Mozambique recently announced several strong measures to promote foreign investment,\u201d the ambassador said.<\/p>\n

Agostinho Vuma, the president of Mozambique\u2019s Confederation of Economic Associations (CTA), the country\u2019s largest business association, argued that the government should do more to create a more favourable atmosphere for foreign investment, particularly by approving more attractive rules and making the foreign exchange regime more flexible for capital inflows and outflows.<\/p>\n

Adopting such instruments would, he said, \u201creduce the uncertainty\u201d in relation to investments.<\/p>\n

The forum that began on Monday is being attended by 70 businesspeople from mainland France and the overseas territories of Re\u0301union and Mayotte (located in the Indian Ocean but administered by Paris).<\/p>\n

On Mozambique\u2019s side, about 50 businesses are represented at the conference.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The governments of Mozambique and France on Monday in Maputo called for the intensification and diversification of bilateral investment and trade, exploring the potential between the two countries. \u201cThe potential and competitive capacity that France offers in terms of capital, technology and experience makes it a privileged partner of Mozambique,\u201d said Mozambique\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":37812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-37814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nLocal, French officials call for more bilateral investment, trade - Mozambique<\/title>\n<meta name=\"description\" content=\"The governments of Mozambique and France on Monday in Maputo called for the intensification and diversification of bilat ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local, French officials call for more bilateral investment, trade\" \/>\n<meta property=\"og:description\" content=\"The governments of Mozambique and France on Monday in Maputo called for the intensification and diversification of bilat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-29T11:21:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-29T11:43:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682751109.33.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"859\" \/>\n\t<meta property=\"og:image:height\" content=\"570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Local, French officials call for more bilateral investment, trade\",\"datePublished\":\"2023-04-29T11:21:37+00:00\",\"dateModified\":\"2023-04-29T11:43:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\"},\"wordCount\":457,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682751109.33.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/local-french-officials-call-for-more-bilateral-investment-trade\",\"name\":\"Local, French officials call for more bilateral investment, trade - 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