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Country Commercial Guides for FY 2000: Cape Verde Report prepared by U.S. Embassy Praia, released July 1999

CHAPTER V:   Leading Trade Prospects for U.S. Business

5.1.   Best prospects for non-agricultural goods and services:

1 - General Consumer Goods (GCG)
2 - Airport Ground Support Equipment (APG)
3 - Port/Shipbuilding Equipment (PRT)
4 - Hotel/Restaurant Equipment (HTL)
5 - Telecommunications Equipment (TEL)
6 - Telecommunications Services (TES)
7 - Architecture/Construction/ Engineering Services (ACE)
8 - Travel/Tourism Services (TRA)
9 - Commercial Fishing Equipment (CFE)
10- Renewable Energy Equipment (REQ)
11- Management Consulting Services (MCS)
12- Automotive Parts/Service Equipment (APS)
13- Autos/Light Trucks/Vans (AUT)
14- Computers Peripherals (CPT)

Consumer goods offer the best prospect because of lower tariff and non-tariff barriers. Additionally, higher living standards are stimulating the demand for importation of many non-traditional consumer items.

Supporting equipment for light manufacturing, tourism, fisheries, transportation and telecommunications which constitute the focus of the country's economic development strategy also offer good prospects.

2.   Agricultural products:

Corn
Rice
Beans
Edible oil
Milk powder
Sugar
Wheat
Canned and prepared vegetables

3.   Significant Investment Opportunities

The ongoing privatization of state-owned companies such as the insurance company, the commercial bank and the national airline provides one of the best opportunities for foreign investment. International Market Insights reports (IMIs) will be produced as the process goes on.

A major $87 million infrastructure project funded by the World Bank has generated important market opportunities for port and airport support equipment.

The government of the United States acknowledges the contribution that outward foreign direct investment makes to the U.S. economy. U.S. foreign direct investment is increasingly viewed as a complement or even a necessary component of trade. For example, roughly 50 percent of U.S. exports are sold by American firms that have operations abroad. Recognizing the benefits that U.S. outward investment brings to the U.S. economy, the government of the United States undertakes initiatives, such as Overseas Private Investment Corporation (OPIC) programs, investment treaty negotiations and business facilitation programs, that support U.S. investors.