Economy of Mozambique the second international fibre (EASSy) in 2010. The lower cost of bandwidth has already started to trickle down to lower consumer prices in some service segments, while others have remained unchanged. The banking system collapsed after independence from Portugal in 1975. From an earlier position (in the 1980s) of central government control of the economy, Mozambique has initiated rapid reforms in recent years, accelerating the implementation of market-based economic policies, and committing to a policy of fiscal and monetary discipline. In 1995 the government introduced its medium-term economic growth, strategy which it continues to pursue. Since the late 1990s, both
Canada–Mozambique relations Canada–Mozambique relations Canada–Mozambique relations are the interactions between the countries of Canada and Mozambique. These relations began in 1975 after Mozambique became an independent country. Since gaining independence, Canada and Mozambique have engaged in peaceful diplomatic relations. Canada has a high commission in Maputo, Mozambican representation in Canada is through the High Commission of Mozambique to Canada, located in Washington D.C. Trade between Canada and Mozambique is limited, however in future years is growing. The total amount of two-way trade between the two nations in 2008 was $13.3 million. Canada primarily exports wheat and clothing and textiles while 75% Mozambican