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JUN

Guinea-Bissau largest producer of cashew 'per capita'


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The Guinea-Bissau has become the world's largest producer of cashew nuts "per capita" as a result of an annual production of over 200,000 tons, said the Guinean government economist and consultant, Eduardo Fernandes.

The economist was speaking at a seminar on business opportunities in Guinea-Bissau, held in the Portuguese town of Sintra, organized by the Association of Solidarity and Guinean Community Support in Portugal.

However, Eduardo Fernandes warned that the cashew nuts cannot sustain the economy of Guinea-Bissau, "because it makes the country vulnerable to sudden market fluctuations" and therefore invited Portuguese businessmen to invest in his country.

Fernandes explained in detail the economic plan that the Guinea-Bissau government presented at the Brussels roundtable for the next decade and identified four areas of priority investment - agriculture / agro-industry, fisheries, tourism and mining.

Speaking of agriculture, industry consultant said that Guinea-Bissau needs to start introducing value in the chain of production of cashew nuts, through both the primary or secondary process, rather than being sent to India.

With regards to fisheries, Eduardo Fernandes said that Guinea-Bissau's government desires to set up a fleet, be it nationally and in partnership, to replace the current system which is limited to the sale of fishing licenses to foreign shipowners.

The person in charge of the Guinean embassy in Portugal, Mbala Fernandes noticed emphasizedon the "political stability" that Guinea-Bissau reached the "confidence of international creditors", as it was shown at the meeting of donors last March, which provided 1.3 billion euros in aid and "affective relations between Portuguese and Guineans."

CONTENT_TABLE8

CONTENT_TITLE_TABLE81

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CONTENT_TITLE_TABLE84 (CONTENT_TITLE_TABLE842)

content_content_table 18 19 22 25
content_content_table11 470 526 622 651
content_content_table12 1.070 1.274 1.398 1.451
content_content_table13 1.558 1.800 2.020 2 510
content_content_table14 62.000 62.000 75.510 78.000
content_content_table15 65.116 65.619 82.000  


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