Cape Verde » International Relations

The Cape Verde's Relations with International Community

Due to the history of the country and the large diaspora, Cape Verde has a wide ranging international outlook. The country benefits from close relations with Portugal, and is actively seeking closer relations with the EU as a whole. 

Its currency, the Escudo, is pegged to the Euro. The country also looks to the African continent, a relationship underpinned by the historic role of the PAIGC as a guerrilla movement fighting on African soil for the liberation of the archipelago. This was cemented in 1977 when Cape Verde joined the sub-regional organisation ECOWAS. Cape Verde is also a founding member of the Lusophone organisation the CPLP and seeks closer economic links with Brazil as a transit hub for trade with the EU.

Trade and Investment with UK

The volume of trade between the United Kingdom and Cape Verde is small. British exports to in goods to Cape Verde in 2005 were worth £4.43 million, up from 3.23 the previous year and Cape Verde’s exports to the UK £0.54million, down from 1.41m the previous year. British commercial interests in Cape Verde are handled by the British Embassy in Dakar, Senegal.