Portugal seeks to boost exports to China, attract Chinese investment

29 January 2007

Lisbon, Portugal, 29 Jan – Portuguese Prime Minister José Sócrates begins an official five-day China trip Tuesday at the head of a senior government and business delegation that takes him to Beijing, Shanghai and Macau.

Some 71 leading Portuguese executives, including heads of 20 firms most relevant to Chinese markets, are accompanying Sócrates, whose visit, according to an official Lisbon spokesman, occurs “at the most favorable moment for national entrepreneurs” (with the start of the Chinese New Year on 18 Feb), ahead of the meeting of the National Popular Assembly in March, the Portuguese presidency of the EU in the second half of 2007 and the Beijing Olympic Games in 2008.

A key objective of the high-level Portuguese trip to China is the creation of conditions to double the value of two-way commercial exchanges by 2008, a goal of the strategic partnership accord inked by Lisbon and Beijing in 2005.

Portuguese exports to China in the first 10 months of 2006, including the Special Administrative Regions of Macau and Hong Kong, grew by 30 percent, according to official figures.

Portugal’s prime minister will travel to Beijing later this year for the China-EU summit, where he will hold talks with President Hu Jintao. (macauhub)