Portugal/China: Portuguese-Chinese chamber of commerce and industry signs protocol with state credit company

27 November 2007

Beijing, China, 27 Nov – The Portugal-China Chamber of Commerce and Industry (CCIL-C) Monday in Beijing signed a cooperation protocol with Sinosure, a Chinese state financial sector company, to make relations between Portuguese companies and China easier.

The agreement aims to provide a basis for supporting Portuguese companies that want to export, import or invest in China, the secretary-general of CCIL-C, Fernanda Ilhéu told Portuguese news agency Lusa.

On signing the protocol the CCIL-C will represent Sinosure in Portugal, allowing the chamber of commerce to supply strategic information on potential Chinese partners to Portuguese business owners that want to set up economic relations with China.

Sinosure is a state Chinese export promotion and foreign investment company, particularly for the area of high technology and production of value-added goods, and thus has privileged access to Chinese companies.

The Portuguese-Chinese Chamber of Commerce and Industry was set up in 1978, before diplomatic relations between Portugal and the People’s Republic of China were established.

The organisation, which has headquarters in Lisbon, has since that time been responsible for promotion of the economic, commercial and business relationship between the two countries. (macauhub)