Doing Business in Portugal, Lisbon

The objectives of the subject “International Trade and Business in” Portugal” are the following:

1. To analyze the Portuguese economy and global trade;
2. To know the business opportunities in the Portuguese Market;
3. To analyze the trade relations of Portugal with the country of the student;
4. To understand the importance of the Community of Portuguese-speaking Countries;
5. To know the Portuguese trade agreements as a member of the EU;
6. To develop a business plan for the Portuguese Market.

The Subject “Foreign Trade and Business in Portugal” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Masters and Doctorate in International Business adapted to the Portuguese Students.

Learning materials in + Portugal Portugal Portugal.

1. Credits of the Subject “International Trade and Business in” Portugal”: 1 ;
2. Duration: one week.

Portuguese Preferential Access and Free Trade Agreements:

1. Portugal and the European Economic Area;
2. European Union
   1. Economic and Monetary Union;
   2. European Customs Union;
   3. European Single Market;
   4. EU Services Directive;
   5. European Digital Single Market;
   6. As a member of the EU, Portugal is a beneficiary of the EU Free trade agreements with Algeria, Ivory Coast, South Africa, Egypt, Jordan, Lebanon, Ukraine, Moldova, MERCOSUR, Chile, South Korea, India, Mexico, Georgia etc. besides the Customs Union with Turkey.
3. Latin American and Caribbean Economic System (SELA);
4. Cotonou Agreement: Africa-European Union;
5. Latin American Integration Association (ALADI) (observer).

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.
3. Convention Harmonization of Frontier Controls of Goods (UNECE);
4. Hamburg Rules;
5. CMR Convention (UN);
6. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
7. COTIF Convention (Rail);
8. International Bureau of Containers and Intermodal Transport (BIC);
9. Chicago Convention (ICAO);
10. International Maritime Organization (IMO)
    1. Convention for Safe Containers;
    2. Istanbul Convention.
11. International Chamber of Shipping (ICS);
12. Customs Convention on Containers (CCC, UN) - not a member.

European Trade and Economic Organizations:

1. European Union (EU)
   1. Group of States against Corruption;
   2. European Central Bank;
   3. European Investment Bank (EIB).
2. UNECE;
3. OSCE.

Global Organizations:

1. Inter-American Development Bank (Non-borrowing country);
2. OEA;
3. Asia-Europe Meeting (Portugal) (ASEM);
4. ECLAC;
5. African Development Bank (AfDB);
6. Asian Development Bank (ADB);
7. IMF;
8. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
9. Community of Portuguese-speaking Countries (CPLP);
10. WTO;
11. OECD
    1. OECD anti-corruption measures.
12. WB.

The Portuguese Republic (Europe).

1. Portuguese Capital: Lisbon;
2. Area of Portugal: 92,212 square kilometers;
3. Portuguese Population: 10.46 million people;
4. Official Language: Portuguese;
5. Border with Spain;
6. Portuguese Government: Unitary semi-presidential Constitutional Republic;
7. The Portuguese Republic has significant cultural and historical with Latin America, especially with Brazil.
   1. Also to its former colonies: Macau, Mozambique, Angola, Cape Verde and São Tomé and Príncipe.
8. Abolition of Slavery in Portugal: 1869.

Religion: Catholicism (Christianity).

Portugal belongs to the Western Civilization (European Economic Area).

Portuguese Economy

1. Portuguese GDP (nominal): 229,948 million dollars;
2. One of the most important features of the economic structure of the Portuguese Republic is the services sector dominance;
3. The Portuguese Services sector contribute 73.6% to gross value added (GVA) and represent 59.3% of the labour market;
4. The global economic and financial crisis caused a domestic demand contraction;
5. The main products of Portugal are textile, footwear, auto parts, chemicals, wood, cork oak, paper, metals, dairy products, wine, porcelain...

Portuguese Foreign Trade

1. The Portuguese market has only 10.6 million people, but there are more than 249.6 million people who speak Portuguese worldwide (the fifth most spoken language in the world: Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, São Tomé and Príncipe, Macau...)
   1. These countries have significant trade relations with Portugal;
   2. Foreign companies investing in Portugal can easily access to these markets.
2. The Portuguese Republic has a nominal growth of 11% in exports of products and services;
3. The Portuguese largest trading partner is Spain (23.5% of Portuguese exports);
4. As a member of the EU, Portugal benefits of the EU Free trade agreements: Morocco, Mexico, Andean Community, Central America, Korea, India, etc.

(c) EENI Global Business School (1995-2023)
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