Macau, China, 2 April – Portugal’s product distribution center in China, “a simple structure made up of a warehouse and an office,” is expected to be in operation by the end of the year, Portuguese news agency Lusa reported in Macau Friday.
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, and at the same time delegations will be set up in Guangzhou, capital of Guangdong province, and Shanghai, China’s financial capital.
The choice of Macau for setting up the center is a natural one as the territory is the Chinese region in which Portuguese products have a presence and potential to be promoted.
A source from the Macau Economic and Commercial Delegation in Lisbon said that, due to their size, Portuguese companies would only be capable of entering the markets of the nine provinces around the two special administrative regions of Macau and Hong Kong (9+2).
“Given the state of development of Portugal and the South of China, you could say they suit each other. In the markets of the north there is already a presence of companies from more developed countries such as Germany, the United Kingdom and Japan, said the same source.
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. (macauhub)