# Madeira international economic cooperation efforts > Live situation record from CLSTR: https://clstr.news/situations/madeira-international-economic-cooperation-efforts > Updated: 2026-10-12T22:50:15.000Z. Sources: 3. Developments: 2. Madeira is pursuing international economic cooperation and diversification through various diplomatic channels. In late September, regional officials met with the Belgian Ambassador to Portugal to discuss strengthening ties in the digital sector, tourism, and the ‘blue economy’. To support these efforts, the Luso-Belgian Chamber of Commerce scheduled a business mission to the region for early October. Additionally, the European Parliament's Committee on Regional Development visited to assess the impact of European investment on local infrastructure and research. By mid-October, efforts expanded to include discussions with the Portuguese Embassy in Caracas, Venezuela. These talks focused on economic and educational cooperation, municipal twinning, and engagement with the diaspora. A business mission involving Madeiran technology and construction companies is being prepared to explore entrepreneurial opportunities in Venezuela. ## Timeline ### 2026-10-12: Madeira official seeks economic cooperation in Venezuela Madeira's Sancho Gomes met with the Portuguese Embassy in Caracas to discuss economic, educational, and diaspora cooperation, including a planned business mission to Venezuela. 2 sources. https://clstr.news/cluster/madeira-official-seeks-economic-cooperation-in-venezuela ### 2026-09-28: Madeira seeks to strengthen economic ties with Belgium Madeira is working to bolster economic ties with Belgium through a business mission in October, while European Parliament officials recently visited the region to assess the impact of EU investments. 3 sources. https://clstr.news/cluster/madeira-seeks-to-strengthen-economic-ties-with-belgium --- Cite as: Madeira international economic cooperation efforts. CLSTR, https://clstr.news/situations/madeira-international-economic-cooperation-efforts