Portuguese business delegation begins visit to Weifang to study investments

18 April 2006

Lisbon, Portugal, 18 April – A business delegation from Portugal, accompanied by the country’s secretary of state for Trade, began a week-long visit Tuesday to Weifang, in the Chinese province of Shandong, to investigate investment opportunities in the Chinese city’s Export Processing Area, officials said.

Fernando Costa Freire, chief executive of Edeluc, the Portuguese-Chinese consultancy behind the event, told Macauhub that the delegation was made up of five business owners, fewer than had initially been expected, from the furniture (JAP), industrial property (Raul César Ferreira), advertising (WPP), architecture (Bernardo Rodrigues) and law (BFV).

Portugal, together with Germany and Malaysia, will be one of the countries highlighted at this year’s Weifang International Forum for Cooperation and Development, which will be attended by 200 business owners.

As well as the secretary of state for Trade, Fernando Serrasqueiro, who will speak at the Forum on Wednesday, the delegation will also be accompanied by Portugal’s ambassador to China, António Santana Carlos, and by the ICEP delegate in Shanghai.

The schedule of the visit, due to end on April 23, also includes trips to the International Vegetable Fair in Shouguang, Tourism Week, the Weifang International Kite Festival and the Weicheng logistics center as well as to Portuguese-owned company Shandong Wine Caves.

Edeluc is the concession-holder of 38 hectares of the Export Processing Area in Weifang, where 26 industrial pavilions will be set up, each covering over 26,000 square meters.

Shandong province is located in the eastern-most part of China, at an equal distance from Shanghai and Beijing and, as it is a peninsula has excellent port facilities.

In order to promote investment in the Weifang area, Edeluc recently held a road-show in several European cities. (macauhub)