Business meeting between China and Portuguese-speaking countries ends with the signing of six agreements and memoranda

The meeting of businesspeople for economic and trade cooperation between China and Portuguese-speaking countries – São Tomé – 2019 ended with the signing of six agreements and memoranda, the Macau Trade and Investment Promotion Institute (IPIM) reported.

The agreements and memoranda cover areas such as cooperation between governments, cooperation between legal and commercial services of chambers of commerce, business donations and cooperation in financial services between companies, among others.

There was also an exhibition of local products, a round-table meeting on investment opportunities in the member countries and a presentation on the host country, São Tomé and Príncipe, as well as visits to palm oil production projects and hotels.

IPIM Chair Irene Va Kuan Lau stressed in her speech that, that with this event being held for the first time in São Tomé and Príncipe, “multilateral cooperation between China and Portuguese-speaking countries is developing in a direction that is deeper and even more comprehensive.”

Va pointed out that since 2005, thirteen editions of the “Encontro” have been held, attracting, in total, the participation of 5,000 entrepreneurs from China and the Portuguese-speaking countries, contributing to more than 3,400 contact meetings and signing more than 90 cooperation protocols for exchange and economic and trade cooperation between mainland China, Macau and the Portuguese-speaking countries.

The director of the São Tomé and Príncipe Trade and Investment Promotion Agency, Joaquim Rafael Branco, said that his country needs to develop infrastructure in order to foster economic development and stressed that, given its geographic location, the archipelago can become the centre for services and distribution of products in the Gulf of Guinea to the rest of the world.

The meeting was jointly organised by the São Tomé and Príncipe Trade and Investment Promotion Agency, the Council for the Promotion of International Trade of China and the Macau Trade and Investment Promotion Institute, and took place in São Tomé on 8 and 9 July. (Macauhub)

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