Portuguese SMEs should take advantages of Macau, Portuguese ambassador says

16 October 2006

Macau, China, 16 Oct – Portuguese business owners should make better use of the advantages offered by Macau to more easily move into the Chinese market, making use of the experience of local banks and lawyers, the Portuguese ambassador to China said Friday in Macau.

“In Macau there is important knowledge about the reality of China, we have a position in Macau like we have nowhere else in China and Macau can be seen as an important point for getting closer to the Chinese market,” said António Santana Carlos, talking particularly about the advantages Macau had to offer small and medium-sized enterprises (SMEs).

The Portuguese ambassador to China noted that the existence of Portuguese banks and lawyers with experience of the region made the internationalization of Portuguese SMEs easier.

“The banks have a complementary role to any relationship that may be set up with Chinese partners, as they may make it easier for Portuguese companies working in China to get loans, as long as they have accounts in Macau,” he said.

Santana Carlos was speaking during a farewell reception for the Portuguese community resident in Macau, as within a few weeks he will take on the post of ambassador to the United Kingdom.

“The group of lawyers we have in Macau, with great experience in the Chinese market, may make it easier to move into China as, after finding a local partner, it is necessary to be very careful in terms of the contract to be drawn up,” Santana Carlos added.

At the end of the 1990s, Santana Carlos headed the transferal of the administration of Macau from Portugal to China on the Portuguese side. (macauhub)