Trade between Portuguese-speaking Africa and China increases 26.9 percent in 2005

12 April 2006

Lisbon, Portugal, 12 April – Trade between Portuguese-speaking African countries and China increased 26.9 percent in 2005 to US$23.19 billion, officials said in Lisbon Tuesday.

Wang Chen An, of the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese –speaking Countries, highlighted the importance of bilateral relations between Portugal and China and said that cooperation could serve to “build a platform for business opportunities.”

The secretary-general of the Forum also said that the positive results achieved in terms of trade were due to “joint efforts” and that in cooperation “there are more areas to be explored and a lot of work to do.”

Carlos Pacheco, a representative of ICEP (Portugal’s External Trade Institute), highlighted the importance of boosting economic and trade relations between Portugal and China, as well as with Portuguese-speaking countries, and Macau.

“Last year, Portugal’s exports to China increased by 68.8 percent and in January of this year increased 110 percent, compared with the same period of last year,” Pacheco said.

In 2005 there was also an increase in bilateral investments, with Portugal investing 247 million euros in China.

The Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Portugal, Brazil, Angola, Mozambique, Guinea Bissau, Cape Verde and East Timor) was set up in 2003 with the aim of promoting bilateral trade and investment. (macauhub)