Revision of customs charges and double taxation on Portuguese PM’s agenda for China visit

9 January 2007

Lisbon, Portugal, 9 Jan – The revision of customs tariffs and the negotiation of a double taxation agreement between Portugal and China are at the top of the economic agenda for Portuguese prime minister José Sócrates on his next visit to the country, according to the Portuguese Economy Ministry.

On leaving a meeting with some 40 business owners from several sectors headed by the prime minister, the secretary of state for trade, Fernando Serrasqueiro, said that the revision of customs charges was aimed at gaining “greater reciprocity” between the two countries, without giving concrete examples.

Marques da Cruz, the chairman of Portuguese export promotion agency, ICEP Portugal, noted the strong growth of Portuguese exports last year to China, of some 70 percent, adding that it was still possible to continue that trend.

Growth of exports to China was mainly driven by products such as machines, marble and cork, Marques da Cruz said.

The Portuguese prime minister plans to take 40 business people along on his official visit to China from January 30 to February 4

Amongst the most represented sectors are equipment and information and communication technologies, in a delegation which will also include representatives from Portuguese business associations. (macauhub)