President Hu Jintao calls for Portugal and China to double bilateral trade by 2015

8 November 2010

Lisbon, Portugal, 8 Nov – China’s President, Hu Jintao called for Portugal and China to “try to double” bilateral trade by 2015, official Chinese news agency Xinhua reported Sunday.

BY Chinese accounts, in the first nine months of the year, trade between China and Portugal rose 40.7 percent against the same per of 2009, totalling US$2.396 million.

Portuguese exports rose by 61.4 percent to US$549.9 million but, as happens with many European Union member countries, the balance of trade is largely in China’s favour.

Hu Jintao “called on the two sides to boost economic cooperation and try to double bilateral trade by 2015,” Xinhua reported in relation to the Chinese president’s talks with his Portuguese counterpart, Aníbal Cavaco Silva.

The Chinese president also said that, “his country is ready to explore with Lisbon ways of increasing economic and trade cooperation with other Portuguese-speaking countries.”

China is already Brazil’s biggest trading partner and, due to oil, Angola is China’s biggest trading partner in Africa.

Hu Jintao, who Sunday ended a two-day visit to Portugal, was the first Chinese prime minister to visit Portugal in over a decade.

Portuguese-Chinese political relations are considered to be excellent and Macau’s transition to Chinese administration, in December 1999, was seen in both Beijing and Lisbon as a success. (macauhub)