Priority of the newly established Chamber of Commerce and Industry: Attracting Investment in Lusophone Regions
Lighting Up Lusophone Economies: A New Vision
In a buzzing gathering of entrepreneurs, investors, and diaspora folk, the conversation often revolves around the common language as a unifying factor, says Paulo Sande in an off-the-cuff remark to Lusa during the launch event of the Chamber at the Portuguese Language Community (CPLP) headquarters in Lisbon.
The Chamber, according to Sande, signifies economic connections that stretch beyond just nation-state ties, encompassing people scattered across the globe in various diasporas. These communities, ripe with potential, have been largely untapped in terms of exploration and development.
Highlighting the Chamber's purpose, Sande points out a key objective: to establish links and propel economic and developmental relations, using Portuguese as a foundation. This endeavor aims to make Lusophony even more influential in the worlds of people and nations.
Sande emphasises that the Chamber doesn't belong to Portugal alone; it belongs to the global diasporas. The first step is identifying the diasporas, their entrepreneurs, and businesses, and persuading them of the opportunities which lie in this area. The initial focus is mapping out the diaspora landscape and forging institutional ties.
detailing the immediate tasks, Sande mentions the Chamber's intention to become a CPLP observer and establish contact with regional chambers of commerce, paving the way for a massive economic shakeup in the Lusophone world.
During the event's opening, President Marcelo Rebelo de Sousa, via video message, underscores the comprehensive nature of the Chamber's name and its ambitious objectives. Secretary Zacarias da Costa, hosting the event, underlines the importance of the new economic pillar, recognizing the discontinuity between Lusophone countries as an opportunity for the CPLP to emerge as a strategic platform in areas like capacity building, learning, business, trade, and investment.
As we delve deeper into the realm of Lusophone economic ventures, it's essential to understand their purpose and objectives, encompassing economic cooperation, diaspora engagement, and embracing shared cultural ties. Programs like Portugal's Golden Visa program aim to attract foreign investment, indirectly benefitting Lusophone nations. Multilateral cooperation frameworks, such as the CPLP, foster exchanges between communities.
The future of Lusophone economic relations lies in investment promotion, trade simplification, capacity building, and engaging diasporas - all key factors driving growth and economic development among these nations. Although details about a specific "new economic chamber" are scarce, the overall objective seems to be strengthening economic ties and fostering growth among Lusophone countries and their diasporas.
Additional Reading: Macau Plans to utilize digital currency in commercial exchanges between China and Lusophony
[1] Ambitious Goals for the New Economic Chamber of Lusophone Countries
[2] The Role of Diasporaengagement in Bridging Economic and Cultural Gaps
[3] Multilateral Cooperation Frameworks Empowering Lusophone Networks
[4] Portugal’s Golden Visa Program: A Pathway to Investment and Integration
[5] African Lusophone Economies on the Rise – UN Predictions for Future Growth
- The Chamber, as Sande explains, seeks to establish links and drive economic development not just within nations, but also among the Portuguese diaspora worldwide, leveraging the shared language to increase influence in the worlds of people and nations.
- In his proposal, Sande adds that the Chamber intends to engage with the Portuguese Language Community (CPLP) and regional chambers of commerce to facilitate finance, business, and investment exchange, with the ultimate goal of transforming Lusophone economies.
- To achieve this, the Chamber is pursuing various strategies, such as becoming a CPLP observer and simplifying trade, fostering capacity building, and engaging diasporas - critical elements for driving growth and economic development in Lusophone nations.
- As the Chamber works towards its objectives, it's worth noting additional initiatives like Macau's plan to utilize digital currency in commercial exchanges between China and Lusophony, which could further strengthen economic ties among these nations.
