Lisbon hosts annual meeting of China nd the Portuguese-speaking countries in June

7 May 2010

Macau, China, 7 May– Businesspeople from seven Portuguese-speaking countries and from Macau are due to meet in Lisbon on 23 and 24 June, for the 6th Meeting for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, according to an official statement published Thursday in Macau.

Businesspeople from Portugal, Brazil, Angola, Mozambique, Cape Verde, Guinea Bissau, Macau and East Timor linked to the automotive, pharmaceutical, tourism, energy, forestry, ports and logistics sectors will meet in Lisbon in order to boost ties with China as well as the bilateral cooperation between Portuguese-speaking countries, the statement said.

Sao Tome and Principe will not take part in the initiative because it has diplomatic relations with Taiwan, which has been one of its main partners since 1997, rather than with Beijing.

The meeting, which is part of the protocol of cooperation between organisations to promote trade / chambers of commerce signed in Macau in 2003, is this year promoted by the Portuguese Agency for Investment Promotion (AICEP Portugal Global) together with the China Council for Promotion of International Trade and the Macau Trade and Investment Institute (IPIM), after it was held in 2009 in Rio de Janeiro.

Since the first edition in 2005, the initiative has brought together over 2,000 companies from China and the Portuguese-speaking countries and held 1,300 business contact meetings as well as the signing of 60 contracts, protocols or letters of intent in sectors such as health, technology, construction, tourism, conventions and expositions and real estate.

Macau and the Chinese province of Guangdong plan to take advantage of the meeting in Portugal to organise, similarly to what they did in 2009 in Brazil, joint promotional activities in Porto on 25 June, and in Madrid on 28 June to attract partners for projects in the Pearl river Delta region and seek out new business opportunities.

Over 100 projects that are part of the development plan for the Pearl River Delta region will be presented to the Portuguese and Spanish investors. Beijing plans to transform the region into one of the most competitive blocks in the Asia-Pacific region by 2020 and the Chinese businesspeople, in their turn, will be shown business opportunities on the Iberian peninsula.

Trade between China and Portuguese-speaking countries rose 93.82 pct year on year in the first quarter of 2010 to US$17.278 billion. (macauhub)