Macau: EU launches programme to create business opportunities for Macau and Hong Kong

20 February 2009

Macau, China, 20 Feb – Macau and the European Union (EU) Thursday in Macau signed a memorandum of understanding for the launch of several cooperation projects within the scope of the European Business Information Programme (EUBIP).

The EUBIP aims to create business opportunities for Macau and Hong Kong and raise awareness of the EU as a business partner, using its resources, expertise, knowledge and network of consortium and other foreign partners.

The three-year project was launched in consortium and involves the European Chamber of Commerce in Hong Kong, the Macau Trade and Investment Institute (IPIM) and the Institute of European Studies of Macau (IEEM).

As well as those responsible for the consortium, the launch of the programme was attended by Franz Jessen, Head of the Unit for China in the Directorate-General for External Relations of the European Commission, the body that provides the EUBIP’s funds and know-how.

Jessen noted that the EU was one of Macau’s biggest business partners and that the new programme would “reinforce this growing interaction as well as strengthening economic cooperation, dialogue and communication,” between the two special administrative regions of China and the European Union.

According to news agency MacauNews Lee Peng Hong, President of IPIM said that “the EUBIP can further encourage Macau enterprises to develop even more extensive business co-operations with their EU counterparts, enabling new opportunities and benefits in the time of global economic slowdown.”

In 2008, Macau’s trade with the EU was estimated to total 452 million euros.

The activities launched as part of the programme include Green Business Day at the Macau International Environmental Cooperation Forum & Exhibition (MIECF) 2009, which will be held in April, in Macau.

They will also include a symposium on brand protection in Hong Kong and a seminar on intellectual property to be held in Macau and Hong Kong.

The EUBIP is aimed at supporting business initiatives with a view to creating a platform to act as a business exchange between enterprises in the EU, Hong Kong and Macau and focuses on projects that may generate business leads and build business efficiency.(macauhub)