Portugal and China sign nine agreements to boost bilateral economic cooperation

13 July 2009

Lisbon, Portugal, 13 July – The Portuguese and Chinese governments Saturday signed nine economic cooperation agreements in various areas, at the Portugal-China Forum for Economic and Trade Cooperation, held in Lisbon.

Fernando Teixeira dos Santos, as Portugal’s Minister for the Economy and Innovation, hosted the event promoted by Portugal’s Agency for Investment and Foreign Trade (AICEP), whilst China’s Trade Minister, Chen Deming, headed the Chinese delegation.

At the ceremony nine cooperation deals were signed, namely, a memorandum of understanding for cooperation between AICEP and its Chinese counterpart (CIPA), a statement of intent for the development of new technologies, a partnership agreement between the China Centre for Foreign Trade and the Luso-Chinese Chamber of Commerce and Industry and an agreement between the China Centre for Foreign Trade and the Lisbon Commercial Association/Portuguese Chamber of Commerce and Industry.

The following bilateral agreements were also signed: A cooperation protocol for the acquisition of coffee, olive oil and wines between the Bailian Group and Grupo Temple, a protocol for coffee acquisition between Lianhua Supermarket Holdings and BICA, an agreement of intent to set up an Atlantic Ocean logistics platform at the port of Sines between the Nam Kwong group and Mota-Engil.

A protocol was also signed for importing marble and granite between Chinalight Resources and Dimpomar and a protocol on the import fo furniture and food products between Foshan Xuhui and Servitécnica. (macauhub)