MAPUTO, (Xinhua) -- Mozambique’s 50th
International Trade Fair (FACIM) kicked off on Monday in the
capital city Maputo, gathering about 2,700 companies from nearly
30 countries across the world.
Mozambican President Armando
Guebuza opened the fair, praising the economic development the
country has been registering in the past couple of years.
The fair, under the theme
“Expanding the horizon of your business, optimizing synergies,”
is considered as one of the most competitive editions during the
fair’s 50 years of developing history, with 700 companies more
compared to the previous year.
The fair brings representatives
from 26 countries, most of whom are traditional participants
such as Brazil, South Africa, China, Portugal, all listed among
the major investors in Mozambique.
“Investors’ desire in
Mozambique has grown and FACIM is the mirror of the country’s
growing economy,” said Joao Macarringue, the general director
of the Export Promotion Institute IPEX, one of the organizers
for this event.
The organizer acknowledges that
there were some problems with space, to accommodate other
companies that were interested in exhibiting their products,
exchanging experience as well as to identifying new
opportunities for doing business in Mozambique.
As an indicator of the fair’s
importance, it counts on the participation of prominent figures,
such as Deputy Prime Minister of Portugal Paulo Portas, who
chairs a delegation from Portugal in the event.
After the official opening of
the fair, Portas held a meeting with President Guebuza and
Finance Minister Manuel Chang to discuss further cooperation
between the two countries.
China, also one of the
traditional participants in the fair, is expected to host on
Tuesday a meeting between China and Portuguese speaking
Italy is also present in the
fair headed by Deputy Economic Minister Carlo Calenda, with 90
Italian companies exhibiting their products in the fair.
Mozambique’s positive economic
performance, regular discoveries of natural gas and coal,
minerals and other resources are listed among the attractions
that make different countries to attend the event and get on the
track for the promising market, the IPEX director says.
The international trade fair
stands among the main events inherited by Mozambique from the
Portuguese colonialism system.
Its first edition was held in
1964 and lately has been used by the Mozambican authorities to
portrait the country’s potential.
Last year, the event welcomed
about 82,000 visitors against 68, 000 expected in the 2012
edition, and this year, 75,000 people are expected to visit the
fair during the week-long event.