Mozambique–Portugal relations US$393.4 million, accumulated from independence until 2005. Mozambique–Portugal relations Mozambique–Portugal relations are foreign relations between Mozambique and Portugal. They are both members of the Community of Portuguese Language Countries. Mozambique gained independence from Portugal in 1975 after the Mozambican War of Independence. Portugal has an embassy in Maputo and a Consulate-General in Beira. Mozambique has an embassy in Lisbon. Portuguese companies are the second largest private investor in Mozambique. In July 2008, Mozambique and Portugal have signed an agreement to set up a fund to support investments worth USD124 million in the Mozambican energy sector. In July 2008, Portugal cancelled
Withdrawal from the European Union revision. Instead, the European Council may, on the initiative of the member state concerned, change the status of an overseas country or territory (OCT) to an outermost region (OMR) or vice versa. Some former territories of European Union members broke formal links with the EU when they gained independence from their ruling country or were transferred to an EU non-member state. Most of these territories were not classed as part of the EU, but were at most associated with OCT status, and EC laws were generally not in force in these countries. Some current territories changed or are in the