Macau wants more cooperation to enhance its role as a platform between Portugal and China

12 December 2016

The Macau Secretary for the Economy and Finance, Leong Vai Tac, said on Sunday that Macau wants to strengthen its economic relations with Portugal to enhance the role of the territory as a platform for relations between China and the Portuguese-speaking countries.

During a recent visit to Portugal, Leong Vai Tac met with the Secretaries of State for Industry, Commerce, Environmental Protection, Energy and Internationalisation,with whom he discussed how to put into practice broader cooperation using the mechanisms created to boost relations between China and the Portuguese-speaking countries.

An official statement said that “the two parties intend to attract more startups from the European Union, through Portugal, to invest in Mainland China via Macau, and take advantage of the base intended for entrepreneurs and the agreement signed between Macau and China, especially the agreements with the three areas of the Free Trade Zone in Guangdong Province, for the young people of Macau and Mainland China to invest together in Portugal and the rest of the EU countries.”

During Leong Vai Tac’s stay in Portugal, the two sides also “studied cooperation in the field of international exhibitions,” the statement said.

According to the same statement Macau and Portugal also discussed facilities for the entry of food products from Portugal into China, through the CEPA (Closer Economic Partnership Arrangement and Commercial Relations between Mainland China and Macau) agreement, and the Macau government’s desire for Portugal, through a similar mechanism, to consider allowing Mainland Chinese products, which have been partially processed in Macau, to enter the Portuguese market. (macauhub)