Portugal PM to attend official creation of Portuguese product distribution center in Macau

31 January 2007

Macau, China, 31 Jan – The company that is to manage the Portuguese Product Distribution Center for China will be formally created Saturday in Macau, in a ceremony attended by the Portuguese Prime Minister, José Sócrates, officials have said.

The agreement to set up the Center was signed in September of last year on the sidelines of the 2nd Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries (Macau).

The firs logistical hub of the Center will be set up in Cross-border Industrial Park built between Macau and the Chinese mainland city of Zhuhai, but in the future will have delegations in Guangzhou, capital of Guangdong province, and Shanghai, China’s financial capital.

The center, which will be managed by state Chinese group Nam Kwong, will have as its shareholders Nam Kwong itself and Portuguese export promotions agency ICEP Portugal, Portuguese corporate and industrial associations, AEP and AIP, Banks Millennium BCP and Efisa and the Espírito Santo Group.

Portugal also has a Portuguese Business Center in Macau, which was set up by ICEP Portugal at the headquarters of the Institute for Promotion of Trade and Investment (IPIM), to provide support to Portuguese business people who travel to Macau. (macauhub)