Luso-Chinese economic meeting in Portugal results in four protocols of cooperation

23 November 2017

An economic and trade meeting between entrepreneurs from China and Portugal, which took place in Lisbon, Portugal, has resulted in the signing of four protocols for cooperation in projects and 16 contact meeting, said the Macau Trade and Investment Promotion Institute (IPIM).

The meeting was organised by IPIM, together with the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries and with the Portuguese Agency for Foreign Trade and Investment (AICEP), with the support of the Embassy of the People’s Republic of China in Portugal, the Economic and Trade Delegation of Macau in Lisbon and the Trade Services of Jiangsu Province. Its coordinating body was the China Chamber of Commerce of Foodstuffs and Native Produce.

Executive board member of IPIM, Glória Batalha Ung, presented the economic and commercial advantages of Macau and the positioning of the MSAR as a Sino-Portuguese platform, also noting that Portugal and Macau have deep historical ties and that cooperation and exchange between the two territories is frequent, notably in the fields of economy, trade, tourism and culture.

Ung recalled that in 2001 the two sides concluded a Framework Agreement for cooperation, in order to boost exchanges and cooperation in the area of the economy, trade and culture and that, in 2014, they also signed a protocol to extend cooperation to various other areas, including education in Portuguese language.

After the conclusion of the visit to Portugal, the business delegation is due to travel to Rio de Janeiro and São Paulo, Brazil, to take part in meetings similar to the one held in Lisbon and to meet with trade associations and chambers of commerce of those locations, as well as making visits to companies linked to infrastructure construction and food processing. (macauhub)