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Angola, Guinea-Bissau and Mozambique in Africa and Timor-Leste (East Timor) in Southeast Asia are the Portuguese-speaking countries enjoying preferential treatment under the new import rules approved by China.
Trade between China and the Portuguese-speaking countries reached US$14.844 million in January February, an increase of 32.64% compared to the same period of 2016.
The European Union will support Timor-Leste (East Timor) with a budget of 57 million euros over the next five years.
Cabo Verde (Cape Verde) from 16 to 18 June will host a meeting between businesspeople of the Community of Portuguese Speaking Countries (CPLP) and China under the theme “Promoting opportunities for economic cooperation between China and the Community of Portuguese Speaking Countries,” Cape Verdean investment agency Cabo Verde TradeInvest said onThursday. Ana Lima Barber also told the Inforpress news agency that the meeting is part of the framework to strengthen economic and business cooperation between China and the CPLP and aims to promote business opportunities in each country.
Timor-Leste’s application to the Asian Infrastructure Investment Bank (BAII) was approved by the Board of Governors of the institution and the country has been accepted as a potential regional member, the Timorese government said in a statement released recently in Dili.
São Tome and Príncipe was admitted on Wednesday as member of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), announced the secretary general of the institution, Xu Yingzhen at the end of a meeting held in Macau.
The investment of Chinese companies in Portuguese-speaking countries totals US$50 billion and the value of contracts in these countries exceeds US$90 billion, said the Deputy Secretary-General of Forum Macau appointed by China.
Macaense cuisine is closely related to the cooking in Portugal and the Portuguese countryside. The influence on Portuguese cuisine evolved from centuries of Roman and Arab occupation of the Iberian Peninsula. Jewish influences should not be discounted either.
Trade between China and Portuguese-speaking countries totalled US$8.281 billion in January 2017, which was a year-on-year increase of 7.52%, according to official figures from China released by Forum Macau. Angola and Brazil accounted in January for 92% of trade between China and the eight Portuguese-speaking countries with a total of US$7.625 billion.
Continued low commodity prices have led countries such as Angola, Equatorial Guinea and Mozambique to place greater urgency on economic diversification, at a time when the industrialisation of Africa has the support of major international partners, especially China.
The ambassadors of Angola, Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor) in China expressed the appreciation of their respective governments for the results achieved in economic and trade cooperation between China and the Portuguese-speaking countries, according to official information published in Macau.
The two- or three-way relationship between China and the Portuguese-speaking countries will be in focus on 21 February, at an international conference due to be held in Lisbon where Macau’s role as a contact platform will be a central theme.
Portugal is the Portuguese-speaking country placed highest in the Index of Economic Freedom of the American Heritage Foundation and Timor-Leste (East Timor) is classified lowest, according to the report for 2017 released by the foundation. Portugal was included in the group of moderately free countries, in fact the only one of eight Portuguese-speaking nations, but fell by 2.5 points compared to its score for 2016, with 62.6 points and now standing in 77th place out of 180 countries.
The value of trade between China and Portuguese-speaking countries fell in 2016 for the second consecutive year, reaching US$90.874 billion, with an annual contraction of 7.72%, according to official figures released by Forum Macau.
The restoration of diplomatic relations between São Tomé and Príncipe and China will enable all Portuguese-speaking countries to meet in Forum Macau, the Forum’s new Deputy Secretary-General told the Tribuna de Macau newspaper.
A presentation session of the China-Portuguese Speaking Countries Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking countries is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM). This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries.
The periodical press is a key resource when it comes to evaluating matters of local community, including intellectual and sociopolitical movements. By the beginning of the 20th century, it had become a way for a region’s subaltern communities and peripheral societies to participate in internal and external communication. Moreover, it provides a stage upon which dialogue between political administrations and society takes place. Historically, the periodical press has proven to be a means to autonomy, civil liberties and free speech. This has been true, too, in Macao.
A Chinese-Timorese partnership plans to build the Timor Fortuna Center Plaza, a building with two towers of 17 floors each costing US$70 million in Dili, the capital of Timor-Leste (East Timor), said the director of Timorese group Li Tyen Development, Carmelita Pinto Lay.
Economist Echo Chan Keng Hong was appointed, to represent the Macau Government, as the Deputy Secretary-General to the Permanent Secretariat of Forum Macau, according to an official statement issued by the Government Information Bureau.
Trade between China and Portuguese-speaking countries registered a year on year fall of 8.44% in the period from January to November, at US$83.230 billion, according to Chinese official figures released by the Macau Forum.