Macau: Development of Pan-Pearl River Delta can strengthen relations with Portuguese-speaking countries

7 April 2009

Macau, China, 7 Apr – The Pan-Pearl River Delta (PPRD), located in the south of China, will in the coming years be of particular importance to the economic and trade relations with Portuguese-speaking countries, Francis Tam, the Macau secretary for the Economy and Finance, said on Monday.

The development of the region between 2008 and 2020 can “contribute to the well-being of other parts of the world, specifically, it will be of particular importance to strengthening the economic and trade relations with Portuguese-speaking countries,” said Francis Tam during the opening of the Conference for Central Bank Governors from Portuguese-speaking countries.

The PPRD, also known as the 9+2, includes Fujian, Jiangxi, Hunan, Guangdong, Guangxi, Hainan, Sichuan, Guizhou and Yunnan and the special administrative regions of Hong Kong and Macau.

The eight provinces and the autonomous region of Guangxi represent a fifth of national territory and a third of the country’s population and its gross domestic product (GDP) and their total population is similar to that of the European Union.

Francis Tam said he has “a very optimistic view” of the economic and trade relations between China and Portuguese-speaking countries, and predicted “an increasingly larger market and an increasingly more intensive demand for financing.”

According to Francis Tam, the countries taking part in the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries can “effectively explore the enormous economic and commercial potential of both China and Portuguese-speaking countries.”

Macau, Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal, East Timor and Sao Tome and Principe will be represented at the conference that will also include representatives of Portuguese-owned banks in the Portuguese-speaking countries. (macauhub)