Portuguese Cape Verde cocoa plantations of Portuguese São Tomé and Príncipe. In the lead-up to and during the Portuguese Colonial War, those planning and fighting in the armed conflict in Portuguese Guinea often linked the goal of liberation of Guinea-Bissau to the goal of liberation in Cape Verde. For instance, in 1956, Amílcar and Luís Cabral founded the African Party for the Independence of Guinea and Cape Verde (PAIGC). However, there was no armed conflict in Cape Verde, and ultimately independence for Cape Verde resulted from negotiation with Portugal after the April 1974 Carnation Revolution. In August 1974, an agreement was signed in
Cape Verde–European Union relations Bosnia and Herzegovina. In terms of respect of democracy the Freedom house report ranks Cape Verde top in Africa and again Cape Verde has a better ranking than that of some designated "potential candidate or member countries" of the EU: Bosnia and Herzegovina, Croatia, and Albania. Most of the imports and exports of Cape Verde are for and from the European Union, and it has a service-based economy. Its currency, the escudo, is pegged to the euro. Although the Cape Verde archipelago is geographically in Africa, there have been similar situations before. Cyprus is an island nation that, despite being