Portuguese economy minister to visit China in September

24 April 2006

Weifang, China, 24 April – Portugal’s economy minister, Manuel Pinho, is scheduled to visit China next September, the Portuguese secretary of state for Trade told Portuguese news agency Lusa in Weifang, China.

The visit by Pinho will be followed by that of Prime Minister José Sócrates, Secretary of State for Trade Fernando Serrasqueiro said, without giving precise dates.

Of the countries outside the European Union (EU), China is Portugal’s fifth largest customer and Portugal’s sixth largest supplier.

Very soon, said Serrasqueiro, China would be amongst Portugal’s three main trading partners outside the EU.

Serrasqueiro was speaking during a visit to Weifang, in the eastern Chinese province of Shandong, where he took part in the city’s International Cooperation and Development Forum, where Portugal, together with Germany and Malaysia, was one of the highlighted countries.

The visit by Pinho to China will take place during a meeting of economy ministers from the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), due to take place on September 25 and 26.

In 2005, Portugal’s bilateral trade with China totaled around 800 million euros, with Portuguese exports rising 57.4 percent between January and November 2005, against the previous year.

In the first ten months of last year, Portugal exported goods worth 150 million euros to China and imported goods to the value of 525 million euros from China, a 24.4 percent increase on the same 2004 period. (macauhub)