Macau and Guangdong go to Brazil to publicise opportunities in Great Pearl River Delta

23 July 2009

Macau, China, 23 July – New business opportunities created by the development of the Great Pearl River Delta in southern China, will be the focus of a seminar held in Sao Paulo, Brazil, in August, officials said.

The seminar, which will be jointly organised by the Macau Trade and Investment Promotion Institute (IPIM), the Foreign Trade and Economic Cooperation Department of Guangdong Province, and the São Paulo Commercial Association, will be held on 10 August and aims to create awareness of the potential of the region to attract companies from Portuguese-speaking countries to invest in the Province of Guangdong, via Macau.

This is the first time that Macau and Guangdong province launch a joint promotional initiative in a foreign country with the aim of attracting investments, news agency MacauNews reported.

The seminar, which expects to receive 250 businessmen from Macau, Guangdong and Brazil, is one of a series of initiatives that are going to be part of the Meeting of Businesspeople for Economic and Commercial Cooperation between China and Portuguese-Speaking Countries – Brazil Edition 2009, which takes place between 11 and 13 August, in Rio de Janeiro.

“The aim of the meeting is to strengthen Macau’s role as a platform of economic and commercial cooperation between China and Portuguese-speaking nations, expand the market of the Portuguese-speaking countries and increase the economic and commercial exchange between the parties,” according to statement released by IPIM.

The Meeting of Businesspeople for Economic and Commercial Cooperation between China and Portuguese-Speaking Countries, which has been taking place annually since 2005, has already been held in Angola (Luanda), Portugal (Lisbon), Mozambique (Maputo) and Cape Verde (Praia).

The meeting is a joint initiative between the trade promoting institutes of China and the eight Portuguese-speaking countries, signed in Macau in October, 2003.

Wan Qingliang, the deputy governor of Guangdong province; Lee Peng Hong the president of IPIM; and Zhang Wei, vice-president of the Chinese Council for Promotion of International Trade (CCPIT); are going to head their respective government and business delegations that take part in the event.

In addition to Macau, representatives from the following Portuguese-speaking countries will be present: Angola, Cape Verde, Guinea Bissau, Mozambique, Portugal, Brazil and East Timor.

Among the Portuguese-speaking countries, Brazil is the main economic and commercial partner of China, immediately followed by Angola.

Brazil launched a joint campaign together with China with the aim of doubling their bilateral trade figures in 2009.

In 2008, Brazilian imports of Chinese products rose 56.9 percent, when compared to 2007, reaching US$20 billion, according to figures from Brazil’s Development, Industry and Foreign Trade Ministry.

According to the ministry, the export of Brazilian products to China also rose by almost the same proportion (50.8 percent) reaching US$16.4 billion.

The Brazilian balance of trade ended 2008 with a deficit of US$24.7 billion.

The Great Pearl River Delta (GPRD), the biggest regional alliance in China, is a mutually beneficial economic structure that will allow the region to catapult itself to the top of China’s development leagues.

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).

Its population is similar to that of European Union countries together. (macauhub)