Portugal–São Tomé and Príncipe relations

Portugal – São Tomé and Príncipe relations refers to the current and historical relationship between Portugal and São Tomé and Príncipe.

Portugal – São Tomé and Príncipe relations

Portugal
São Tomé and Príncipe

São Tomé and Príncipe was a colony of the Portuguese Empire from the 1490s until 1975, when it received independence. In 2009, Portugal was the largest importer to its former colonial possession by a wide margin; a majority of the island nation's imports (close to 59%) came from Portugal. Portugal was the fourth largest importer of goods from São Tomé and Príncipe, taking in approximately 4.3% of all exports.[1] In January 2011, Portuguese foreign minister Luís Amado visited São Tomé for two days. Several agreements were reached which promoted increased bilateral trade, including the elimination of double taxation. The Portuguese foreign ministry called the relations "remarkable".[2]

As it occurred with Cape Verde before the introduction of the Euro, São Tomé and Príncipe signed a deal with Portugal in 2009, linking the national currency, the dobra, with the euro. The exchange rate was fixed at 1 EUR = 24500 STD.[3]

Resident diplomatic missions
  • Portugal has an embassy in São Tomé.
  • São Tomé and Príncipe has an embassy in Lisbon.
  • Embassy of Portugal in São Tomé
  • Embassy of São Tomé and Príncipe in Lisbon

References
  1. São Tomé and Príncipe CIA Factbook
  2. Joint Communiqué by the Portuguese Minister of State, Minister for Foreign Affairs and Minister for Foreign Affairs and Communities of São Tomé e Príncipe Archived 2011-10-03 at the Wayback Machine Ministry of Foreign Affairs of Portugal, January 27, 2011
  3. http://www.telanon.info/economia/2010/01/04/2437/1-euro-equivale-a-24500-dobras/


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