The number of US companies investing in Portugal is growing as is the amount of sheer investment – but that could be even higher if Portugal cut red tape and simplified and sped up planning procedures.
That was one of the conclusions from a panel of experts and US company representatives at a recent conference ‘Portugal in the Sights of International Investment – Competitiveness, Attractiveness, and Digital Economy’ at a conference organised by the American Chamber of Commerce in Portugal (AmCham Portugal) in Lisbon on Thursday.
The panel discussion was held under Chatham House rules which means that Essential Business can only report on some of the opinions and discussions made without directly referring quotes to either the speakers or attributing them to any specific companies or entities involved.
However, we can say that there were representatives from Portugal’s overseas trade bureau, AICEP, the US Trade Mission, Portugal, Microsoft, and Blackstone.
The opinion from the US side was that the relationship between the US and Portugal has been strengthening per a report published by PwC into US-Portugal commercial relations by partner José Bizarro.
The idea was that if companies and investors can cut through all the political and geopolitical noise there were more possibilities to grow the relationship.
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