China and Portugal strengthen cooperation under the Belt and Road initiative

12 July 2017

The People’s Republic of China and Portugal agreed on Tuesday in Lisbon to promote economic and trade cooperation and bilateral exchange within the framework of the “Belt and Road” initiative which aims to revitalise the historical ties that have linked the East to the West.

The Chairman of the Standing Committee of the National Assembly of the People’s Republic of China, Zhang Dejiang and the President of the Portuguese Parliament, Ferro Rodrigues, signed a memorandum of understanding with a view to strengthening legal and political instruments to increase two-way economic cooperation.

The document also said that the two legislative bodies are committed to monitoring and driving their respective governments in the implementation of cooperation agreements in all areas, thus reinforcing the synergies between the development strategies of the two countries.

Zhang Dejiang, who is visiting Portugal, also attended a ceremony held in the Portuguese capital that marked the beginning of Beijing Capital Airlines flights, of the Hainan Airlines (HNA) group, between Lisbon and Beijing from the 26 July.

Portuguese Prime Minister António Costa, present at the ceremony, said he hoped the flights would add to Portugal’s role as a major intercontinental operations hub.

Costa said he was optimistic that the current three weekly flights will increase and that there will be a diversification of destinations in Portugal, namely to include the city of Porto.

The Portuguese Prime Minister once again pointed out that the port of Sines, because of its position in Europe, may be a key element of the Chinese initiative of the 21st Century Silk Sea Route.(macauhub)