Sedeme and Embassy of Cyprus discuss future business partnerships
The meeting in Belém aimed to strengthen bilateral cooperation and open pathways in areas of great economic potential, such as industry, tourism, and technology
The State Secretariat for Economic Development, Mining and Energy (Sedeme), represented by the acting secretary, Carlos Ledo, received on Thursday (24) the official visit of the ambassador of the Republic of Cyprus in Brazil, Vasilios Philippou. The meeting aimed to strengthen bilateral cooperation and open pathways for future business partnerships, with investment opportunities in the sectors of industry, tourism, and technology, through a Memorandum of Understanding between the Government of Pará and the agency Invest Cyprus.
Carlos Ledo highlighted the commitment of the Government of Pará to open new markets for Pará products, making them more competitive in the international scenario. “Today, we established the first meeting, which will certainly be the starting point for the consolidation of future business opportunities,” he informed.
The acting secretary also explained that the State is studying the alignment of strategic actions to protect exports and minimize the economic impacts arising from the current global situation, especially in light of the 50% tariffs imposed on Brazilian products by the United States.
Investments - Diplomat Vasilios Philippou presented the guidelines of Invest Cyprus, highlighting that the agency is the National Investment Promotion Authority of Cyprus, dedicated to attracting and facilitating foreign direct investment in the country. According to him, “the agency acts as a one-stop shop and monitors the entire investment process.”
Vasilios Philippou also emphasized Cyprus's privileged geographical location — between Europe, Asia, the Middle East, and Africa — which gives it great strategic importance. Coupled with government incentives aimed at tourism, technology, and innovation, this condition transforms the country into a promising gateway for companies interested in expanding their operations in the European market.
Cyprus stands out in the sectors of tourism, financial services, and logistics, which together represent about 80% of the Gross Domestic Product (GDP). In the first quarter of 2025, the country's GDP recorded a 3% expansion compared to the same period of the previous year, maintaining a stable growth trajectory.
Cyprus is an island with a total area of 9,250 km², being the third largest and most populous in the Mediterranean. Its current population is 1,344,976 inhabitants (data from 2023), and it has been a member of the European Union since 2004.
