16 cooperation accords signed at Lusophone-China meeting in Mozambique

23 April 2007

Maputo, Mozambique, 23 April – Sixteen cooperation protocols between companies and state business-promotion agencies from China and the Lusophone bloc have been signed at an encounter in the Mozambican capital.

The cooperation pacts, in the areas of cooperation, development and distribution of good, were inked Friday in Maputo after a meeting of around 650 participants from China, Mozambique, Angola, Cape Verde, Macau and Portugal.

Among the agreements was one between the Mozambican Chamber of Commerce (CCM) and the China Council for Promotion of International Trade (CCPIT), and another involving the China Language Company and Mozambique’s INFRA construction firm. The CCM also signed an agreement with its Angolan counterpart.

Mozambican Minister of Industry and Trade António Fernando stressed the need for quick implementation of the new accords to avoid repetition of earlier cooperation agreements in similar areas that never fully come into force.

“The signing of various memoranda of understanding between the businessmen here is a victory, but a new stage begins because the partnerships will have to materialize into something palpable”, Fernando said at the end of the Maputo event organized by the Macau-based China-Lusophone trade and investment forum, an initiative launched by Beijing in 2003.

The minister added that the Maputo gathering created conditions for “an increasing awareness of business opportunities that exist between China and the CPLP (Community of Portuguese Language Countries).

The next meeting between CPLP and China business chiefs organized by the Macau trade forum will take place in Cape Verde early 2008. (macauhub)