Beijing aims to strengthen ties to Portuguese language countries via Macau

12 July 2013

Beijing municipality aims to establish a stronger relationship with the Portuguese language countries via Macau, said Li Luxia, vice-director of the Beijing office of the China Council for the Promotion of International Trade.

During the 2nd Beijing Macao Cooperation and Exchange Symposium, where agreements on 57 projects worth 6.21 billion yuan (US$1.01 billion) were signed, Li stated that Beijing also sought to use Macau to reach out to markets in Europe and South America.

He added that Beijing also wanted to further cooperation with Macau regarding development of the conference and fair industry, and would invite Macau delegations to take part in international trade fairs in Beijing in search of business opportunities.

The executive director of the Macau Trade and Investment Promotion Institute, Irene Lau Kuan-va, said that entrepreneurs from the territory benefited a great deal from the meeting with their Beijing counterparts.

During the symposium the Sociedade de Jogos de Macau gaming company signed an agreement with the Beijing Gehua Cultural Development Group to set up a partnership for a cultural exchange project called Wonderland of Art and Literature, involving a 2 million yuan investment.

Another Beijing-based firm, FAB Investment, which produces digital equipment, signed a 630 million yuan agreement with Macau’s Duty group, a producer of tea and other beverages, to export technology.

This symposium was first held in Beijing in September 2012. Its aim is to promote deeper relations and cooperation between the two cities. (macauhub)