China is the Portugal’s third biggest market outside the European Union

5 November 2013

China is the third biggest buyer of Portuguese products outside the European Union, Portuguese deputy Prime Minister Paulo Portas said on Sunday in Macau, expressing his satisfaction regarding the development of Sino-Portuguese relations.

“The results of our strategic partnership with China are spectacular, a country which in the last decade rose 18 places on the list of Portugal’s main clients,” he said.

Portas recalled the recent entry of two major Chinese state firms in the capital of EDP-Energias de Portugal and Redes Energéticas Nacionais (REN), stating that the government “intends to continue opening the Portuguese economy to domestic and foreign investment” and that “investment coming from China is very welcome”.

He explained that golden visas will enable investment of more than 300 million euros up to the end of 2013, and that more than 200 million euros had already been applied, with 80 percent of that investment in real estate.

Three quarters of the investment, which led to the issuance of 318 visas, originated in China, “specifically via Macau”, which is allowing the programme “to become a success”, he said.

During the seminar on the “Export Path”, Portas announced the visit to Portugal in 2014 by governors of six Chinese provinces, with the aim of providing new opportunities for Portuguese companies.

“From the economic and business standpoint it is simpler to find scale in the markets of Chinese provinces,” said the Portuguese deputy Prime Minister, adding that the first governor will be from the central Chinese province of Hubei, which is twice the size of Portugal and counts 60 million inhabitants.

He also revealed in Macau that the Portuguese Tourism Institute will open a permanent office in Beijing in 2014.

Paulo Portas is in Macau to take part in the fourth meeting of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, also known as Forum Macau, under way this Tuesday and Wednesday with the theme topic of “New Cycle, New Opportunities”. (macauhub)