China believes that Portugal can be gateway for goods entering the EU

22 April 2016

The Chinese ambassador to Portugal, Cai Run, said Wednesday in Lisbon that the Chinese government is encouraging Chinese shipping companies to find a port in Portugal to channel goods to the European Union (EU) .

“Portugal is the gateway to Europe and the Atlantic Ocean. Cooperation can be strengthened in the area of ​​infrastructure. There are several important projects in this strategy,” said Cai Run during a lunch-debate organised by the International Club of Portugal, referring to the strategic “One Belt, One Road” initiative.

Cai Run recalled that trade between the two countries “grew 8.58 percent in 2015 compared to 2014”.

The diplomat also revealed that Portugal has received “more than US$7 billion in Chinese investment (making it) the fifth largest Chinese investment destination in Europe.”

The ambassador also predicted a strengthening of bilateral business cooperation in science and innovation, and considered “scientific technology” a “growth point” in future cooperation.

The diplomat stressed that the strategic “One Belt, One Road” initiative will be strengthened, with more than 70 countries interested in taking part in the project.

“Portugal is one of the 57 founding members of the Asian Infrastructure Investment Bank (Baii), the aim is to link the investment plan of the European Uniont to the ‘One Belt, One Road’ initiative” he said.

The “three-way cooperation” between China, Portugal and the Portuguese-speaking countries was also highlighted by Cai Run, in particular the importance of the 5th Macau Forum Ministerial Conference, held in the third quarter of this year in the Chinese Special Administrative Region.The Conference is expected to bring together senior representatives from China and the Portuguese -speaking countries in official and business contacts in Macau. (macauhub/CN/ PT)