Portugal is not capturing investment coming out of the UK under Brexit, but it has been presented as a “good location” for companies.
Following Monday’s meeting of the Strategic Council for the Internationalization of the Economy chaired by the Prime Minister, Eurico Brilhante Dias, the Secretary of State for Internationalization, listed two dimensions of the process of leaving the United Kingdom (‘Brexit’), following a referendum, one of which is related to investment.
“We have been signaling that Portugal is a good location. We are not actively attracting investment from the United Kingdom to Portugal,” said the official, explaining that a “professional action” and “continued work” framework of political uncertainty “will show British companies” Portugal as a good location “.
The companies concerned are “in the United Kingdom and need a so-called Plan B, that is to say, in the context of their business decisions, they must have a registered office or operation located within the boundaries of the European Union and the euro zone”, he said.
Another dimension of Brexit has been domestic exporters to the United Kingdom, and a second meeting is scheduled next month to “monitor possible impacts” in a framework of relations that “is not yet defined” and to “caution scenarios”.
In the chapter on trade, the ruler stressed “the final closure of the process (export) of pear rock in the case of Mexico,” “a very important case,” while on the sale of pork to China the “negotiation process is closed, “but the” final checks “are missing.