Portugal and China cooperate on projects related to the marine economy

1 November 2017

Portugal and China this week signed an action plan focused on cooperation in research and commercial projects related to the economy of the sea, said the Portuguese minister of the Sea, Ana Paula Vitorino, on the sidelines of a business mission to China.

The minister, quoted by Portuguese news agency Lusa, said that the agreement is the result of a memorandum of understanding signed in Portugal in June this year, with her Chinese counterpart, Wang Hong.

Thirty-nine Portuguese and 86 Chinese companies met on Monday in Beijing, on the sidelines of a seminar on maritime cooperation between Portugal and China, within the scope of the “Belt and Road” initiative.

Vitorino said agreements had been made between Portuguese and Chinese companies for the “formation of consortia, to compete for various investment projects that will come up in Portugal in the port sector.”

The Portuguese minister pointed out the possibility of investments in the ports of Sines, Leixoes and Lisbon and “partnerships in the areas of blue biotechnology, aquaculture and marine industry,” referring to the “construction of platforms for renewable energies or oceanic marine aquaculture.”

Vitorino met in Beijing with the president of the Development Bank of China, the banking entity of the Chinese State that finances projects outside national borders, and was informed of the “availability” and “interest” of the bank to finance projects in Portugal, within the context of the sea economy. (macauhub)