Lisbon, Portugal, 12 April – Macau-based Chinese group Nam Kwong has been chosen by ICEP (Portugal’s External Trade Institute) as a partner to open a distribution center for Portuguese products in China, ICEP told Portuguese news agency Lusa Tuesday.
Trading Nam Kwong was set up in Macau in 1949 and since then has had an important role in Macau’s economic system as it is focused on trading fuel, textiles and food amongst other products.
The agreement was reached during the Lisbon Business Meeting, which was organized by ICEP Portugal, together with the China Council for the Promotion of International Trade (CCPIT) and IPIM (Macau promotion and investment institute).
The same source told Lusa that an agreement was also signed with IPIM for creating a business center in Macau.
Last week ICEP agreed with Angola to set up a distribution center for Portuguese products, the source said, adding that opening the centers in Angola and China was a priority.
The Lisbon Business Meeting brought together 275 companies, 152 of which were Portuguese and 123 from China and Portuguese-speaking countries. Some 620 bilateral business meetings were held.
The promoters decided to organize another Business Meeting in 2007, and the host country should be announced in September. (macauhub)