Cooperation between Angola, Guangdong and Macau under discussion at MIF 2017

11 October 2017

Entrepreneurs from Angola, Guangdong and Macau will discuss the potential of tripartite relations in trade and investment at the 22nd Macau International Trade Fair (MIF), the Macau Trade and Investment Promotion Institute (IPIM) said.

The statement also announced that the meeting, which will take place on 19 October, will allow participants to learn about the advantages and functions of Macau as a service platform for trade cooperation between China and Portuguese-speaking countries “in order explore investment opportunities together.”

China’s trade with Angola in the first seven months of the year amounted to US$10 billion, an increase of 50% over the same period of 2016.

The city of Guangzhou is the capital and the nerve centre of Guangdong province, which is the wealthiest region of China.

In the first half of 2017, Guangzhou’s GDP grew at a higher rate than the rest of the country, 7.9% against 6.9%, standing at 989 billion yuan or US$147 billion.

Guangdong province has an area of 179,800 square kilometres and a population of approximately 109 million, with the main industrial sectors such as automotive, petrochemicals and information technology.

Relations between Guangdong and Macau have been strengthened in recent years, and the “Guangdong-Hong Kong-Macau Framework Cooperation Agreement and Promotion of Construction of the Great Bay”, signed in July, further deepened cooperation between the Chinese province and Macau opening up new opportunities for economic and trade development and cooperation.  (macauhub)