The Minister of Foreign Affairs and Cooperation of Mozambique, Oldemiro Balói, will visit Brasília on June 17, 2011.
Bilateral relations have been very dynamic. On the Brazilian side, since 2003 there have been three presidential visits (2003, 2008 and 2010) to Maputo. President Chissano visited Brazil in 2004, and President Guebuza came in 2007 and 2009.
Mozambique and Brazil have been developing important cooperation projects in education, health, agriculture, food security and energy.
Trade between Brazil and Mozambique reached US$ 42 million in 2010, with a US$ 38 million surplus in favor of Brazil. From January to May 2011, bilateral trade flow reached US$ 34 million, which represented an increase of 111% over the same period in 2010. In recent years Brazilian investments in Mozambique have grown substantially, especially by the mining company Vale, which received a concession to exploit coal in the north. The interests of Brazilian companies in Mozambique have increased enough to justify the opening, in 2009, of BNDES’ credit line for exports of Brazilian products and services to the African country, worth US$ 300 million.