At the invitation of Minister Antonio de Aguiar Patriota, the Minister of Foreign Affairs of Portugal, Luís Amado, will make an official visit to Brazil on February 18, 2011.
At the working meeting, the Foreign Ministers will go over various issues in the bilateral, regional and multilateral agendas, such as the enhancement of the trade and investment flows between the parties, the MERCOSUR-European Union Association Agreement, the recovery from the international financial crisis and the reform of global governance institutions. They will also address United Nations affairs, which is especially significant since Brazil and Portugal currently hold non-permanent seats in the Security Council. In addition to the historical and cultural ties, both countries profit from political dialogue marked by a high degree of convergence.
Portugal has invested nearly €25 billion in Brazil since 1998 and remains the 4th largest direct investor in the country. Brazilian stock investment in Portugal is presently at €2,9 billion. Bilateral trade flow nearly tripled between 2003 and 2007. In 2010, trade exchange went over the US$ 2 billion mark, with a Brazilian surplus of US$927 million.