History of Cape Verde return, Portugal signed the 1975 Algiers Agreement. On July 5, at Praia, Portugal's Prime Minister Vasco Goncalves turned over power to National Assembly President Abilio Duarte, thus the colonial history of Cape Verde ended when Cape Verde become independent. However, there was no armed conflict in Cape Verde and ultimately independence for Cape Verde resulted from negotiation with Portugal. However, the catalyst for the independence of Cape Verde was the PAIGC branch in Guinea-Bissau, which launched an ultimately successful war against the Portuguese in Guinea-Bissau, who eventually compelled Portugal to accept independence for Cape Verde. Immediately following a November 1980
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