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Hub News Article Apr 01, 2015

Brazil and Mozambique Signed CFIA

On 30 March 2015, Brazil and Mozambique signed a Cooperation and Facilitation Investment Agreement (CFIA) in Maputo, Mozambique. The agreement was signed by the Minister of Development, Industry and Foreign Trade of Brazil, Armando Monteiro, and the Minister of Foreign Affairs and Cooperation of Mozambique, Oldemiro Baloi. The agreement establishes an institutional framework, thematic agendas for investment cooperation and facilitation and mechanisms for risk mitigation and dispute prevention.

Among the elements of the agreement is the nomination of an ombudsman by each contracting party and the establishment of a joint committee composed of government representatives from both countries.

Picture via http://www.mdic.gov.br