Chinese company starts fishing in Timor-Leste

14 October 2016

Timor-Leste (East Timor) is expected to grant a license for fishing in its territorial waters to Chinese company Zhoushan Ningtai Ocean Fisheries Co., following the support provided by bilingual staff and professional services of the Macau Platform, reported the Macau Institute for Trade and Investment Promotion (IPIM).

IPIM also said Zhoushan Ningtai planned to launch this project that will act as a “springboard” to later extend cooperation with the Timor-Leste authorities in aquaculture, cold storage logistics and other industries.

The Chinese company is headquartered in the city of Zhoushan, which boasts the largest base for production, processing and marketing of fish products in China, and is now known as “China’s fishing industry capital.”

IPIM said the municipality started contacts with Timor-Leste in 2015 through the translation and support services for business matching of the Perfeição company, which is one of the professional service providers registered with the “Website for Cooperation in the Economic, Commercial and Human Resources Area between China and Portuguese Speaking Countries,” (or” Information Portal “).

Representatives of the city of Zhoushan, Zhejiang Province and Timor-Leste took part on Wednesday in Macau in a seminar on Zhoushan-Macau-Timor-Leste fisheries cooperation, which aimed to advance maritime cooperation projects, including the expansion of Zhoushan businesses in Timor-Leste, in the fishing projects and processing of aquatic products. (macauhub)