The Minister of State and Foreign Affairs of Portugal, Paulo Portas, is visiting Brazil between July 26 and 28. It is his first visit to Brazil since taking office on June 21. The Minister of External Relations, Antonio de Aguiar Patriota, will hold a working meeting with Minister Paulo Portas on July 27.
At the bilateral level, the Ministers will hold talks on the whole set of bilateral relations, bearing in mind the 11th Summit Meeting, which is expected to take place in Brazil on this semester. They will also examine a proposal to hold reciprocal cultural years.
Brazil and Portugal currently hold a seat at the United Nations Security Council, whose rotating presidency will be held by Portugal next November.
In 2010, trade exchanges between Brazil and Portugal totaled US$ 2 billion. In the first half of 2011, the total exchange was US$ 1.3 billion, with a Brazilian surplus of USS$ 607 million. Brazil is the seventh largest foreign investor in Portugal. Since 1998, Portugal has invested approximately US$ 36 billion, between direct and indirect investments.