Businesspeople from China to evaluate business opportunities in Guinea Bissau

13 January 2011

Bissau, Guinea Bissau, 13 Jan – A group of Chinese businesspeople is to arrive Thursday in Guinea Bissau to identify investment opportunities in the West African country, according to a statement form the Economy Ministry issued Wednesday in Bissau.

According to the document, the mission aims to “identify investment opportunities in the agriculture, fishing, energy and industrial sectors, specifically in the area of cashew nut processing.”

Cashews nuts are Guinea Bissau’s main export product.

The trip by the Chinese businesspeople, who will stay in Guinea Bissau until 21 January, follows a trip by Guinean prime minister, Carlos Gomes Júnior to Macau to take part in the ministerial Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries.

At the recent Macau Forum, Chinese prime minister, Wen Jiabao, announced that Beijing would provide US1 billion over the next three years for economic cooperation with the community of Portuguese-speaking countries.

During their stay in Macau, the Chinese businesspeople are due to meet with several members of the government, regional authorities and with the General-Directorate for Promotion of Private Investment. (macauhub)