The Greater Bay Area is a challenge for Portuguese-speaking countries, says Forum Macau official

The deputy secretary general of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries, Rodrigo Brum said on Thursday that Macau’s role in the Greater Bay Area (GBA) is, among other things, to be the link to Portuguese-speaking countries.

Brum considered that the GBA is located in the most dynamic area of China and will be, for Portuguese-speaking countries and their businesspeople, one of the most important challenges they will face.

The Greater Bay Area has about 70 million inhabitants, a Gross Domestic Product of about US$1.3 trillion, includes the Special Administrative Regions of Hong Kong and Macau and nine cities in Guangdong Province (Dongguan, Foshan, Guangzhou, Huizhou, Jiangmen, Shenzhen, Zhaoqing, Zhongshan and Zhuhai).

Brum also said during a conference on Macau as a platform between China and Portuguese-speaking countries that the development plan for the Guangdong-Hong Kong-Macau Greater Bay clearly points to Macau as a financial services platform between China and the Portuguese-speaking countries.

“We have been focusing on this for about two decades, but at the moment we are talking about a draft initiative of the central government. We are talking about something that will happen because we all recognise China’s great planning and execution capacity,” he said.

For Macau, in addition to the financial services platform, the GBA provides, among other things, for the establishment of a system of export credit guarantees, the development of a renminbi clearinghouse for Portuguese-speaking countries and the transformation of Macau into an international tourism and leisure centre.

According to Brum, the GBA will be an example of cooperation and economic growth for the world and the future of Macau is largely linked to the success of GBA. (Macauhub)