Chinese Commerce Minister Gao Hucheng signed on Monday in Macau economic development and cooperation agreements with Cape Verde, Guinea-Bissau, Mozambique and East Timor.
At the signing ceremony the minister highlighted the results achieved in bilateral trade with the four countries, which though low in value has been growing.
Gao mentioned the cases of Guinea-Bissau, whose trade with China grew by 18.9 percent in 2012 to US$23 million, East Timor, with trade rising from US$10.67 million in 2003 to US$63.16 million in 2012, and Mozambique, whose bilateral trade with China amounted to US$1.34 billion in 2012.
Also on Monday, the Macau Government Tourism Office and the Tourism Ministry of East Timor signed a memorandum of understanding for cooperation in tourism matters.
The memorandum acknowledges tourism’s importance for the economies of Macau and East Timor, establishing the bases for cooperation actions leading to eight objectives, including partnerships between small and medium sized tourism companies of both parties, shared information about the evolution of tourism markets and other technical and statistical data, and support for the creation of an incentives system to promote the tourism industry.
The cooperation actions between Macau and East Timor will be carried out in the form of study visits, information and documentation interchanges, technical assistance, consultancy and training.
These documents were signed in the scope of the fourth Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, under way this Tuesday and Wednesday in Macau. (macauhub)