The Ambassador of Argentina in Mozambique, Juan Jorge Nunes, held this Tuesday (May 24, 2022), a meeting with the Confederation of Economic Associations of Mozambique (CTA), where the parties agreed to cooperate in the search for markets and stability of wheat supply, as well as to increase the volume of trade between the two countries.
Trade relations between Mozambique and Argentina currently do not exceed 60 million U.S. dollars, combining exports and imports. Of this trade volume, 95% corresponds to imports of food products such as wheat and cooking oil, which total 52 million U.S. dollars.
Mozambique’s exports are summarized in furniture and its components, plastic works, books, carpets, knitted clothes for women, curtains, blinds, tableware, household items, glass mirror, among others.
“From the type of exports, it is clear that we can do more. One can notice that the Argentinean market has an appetite for Mozambique’s decoration, beauty, and art products. The example of this is in furniture, where Mozambique processes wood products, porcelain, and clay, which is very appreciated in Argentina,” said Agostinho Vuma, President of CTA.
The two parties agreed to organize B2B with Argentinean businessmen interested in acquiring this type of product in order for Mozambique to expand its market.
The passenger car market is attractive to Mozambicans and can be one of the driving forces of trade, and it is necessary to find financial instruments to support bilateral trade between companies from Mozambique and Argentina.
Mozambique is one of Argentina’s main markets, particularly for wheat, and it is intended to work on promoting partnerships for the production and development of cereal value chain. As a private sector, CTA has proposed the signing of bilateral agreements between governments for the supply of these products at stable prices.
