The accession of Equatorial Guinea to the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau) is due to be made official in the third quarter of 2015, the Macau Daily Times reported Friday.
The English-language daily cited diplomatic sources as saying that the accession of Equatorial Guinea, which “has the support of China,” is expected to take place at the next ministerial conference of the organisation.
The official languages of Equatorial Guinea, which is about to celebrate the first anniversary of its accession to the Community of Portuguese Speaking Countries (CPLP), which took place on 23 July, 2014, in Dili, the capital of Timor-Leste (East Timor), are Spanish, French and more recently Portuguese and an estimated population of 1.6 million people.
The recent five-day visit to China by the President of Equatorial Guinea, Teodoro Obiang, resulted in a credit line of US$2 billion and the launch of projects by at least three major Chinese business groups, at a time when the African country is facing difficulties due to the drop in the price of oil, which is its main export.
During the visit, which also marked the 45th anniversary of the establishment of diplomatic relations between the two countries, agreements were signed with Chinese companies for power generation and industrial development projects, which are an essential part of the government’s objective to diversify the economy beyond oil. (macauhub/CN/MO)