Macau supports Portuguese-speaking countries at Pan Pearl River forum

23 September 2011

Macau, China, 23 Sept – Portuguese-speaking countries, with the support of Macau, are trying to attract more Chinese investment at the 7th Regional Cooperation and Development Forum of the Pan Pearl River Delta held this year in Nanchang, in Jiangxi province, Chinese news agency Xinhua reported.

During a seminar sponsored by Macau, Jackson Chang, chairman of the Macau Institute for Promotion of Trade and Investment said that Macau had close relationships with Portuguese-speaking countries and thus could support companies in Mainland China, including those in the Pan-Delta region, to find business opportunities in the markets of those countries.

Chang added that some Macau companies had trade relations with the Portuguese-speaking world and could support their counterparts in Mainland China in exploring business opportunities in the Portuguese-speaking countries.

In its 12th five-year plan (2012-2017), the Chinese government had set a guideline for Macau to establish a services platform for trade and economic cooperation between China and the Portuguese-speaking countries.

Since 2003 Macau has organised three ministerial meetings of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, whose permanent secretariat is based in Macau.

The latest figures point to the trade relationship between China and the eight Portuguese-speaking countries growing 27 percent year-on-year to US$62.9 billion in the first seven months of 2011.

Angola’s permanent representative to the permanent secretariat, Joaquim Pereira da Gama, said that China was already Angola’s largest trading partner and added that Angola was seeking further investment from China and for a greater number of Chinese citizens to visit the country.

Cesar Yu, the representative in China of Brazil’s trade and investment promotion agency, said he wanted to see more Chinese companies investing or partnering companies in Brazil and the Mozambique representative, Esmeralda Patrício, had the same wish of seeing Chinese companies investing in her country, saying that there were many opportunities in Mozambique in the energy, agriculture and industrial sectors.

The Macau chief executive, Fernando Chui Sai On, told the forum’s participants that his government would support companies in the Pan Pearl River Delta to explore the markets of the Portuguese-speaking countries, the European Union and Latin America. (macauhub)