MIF | Cooperation between Angola, Guangdong and Macau strengthens

Heavy lifting shipping cranes stand on barges off the shoreline in Luanda

Entrepreneurs from Angola, Guangdong and Macau will discuss the potential for tripartite relations in trade and investment at the 22nd Macau International Trade Fair (MIF), the Macau Trade and Investment Promotion Institute (IPIM) said in a statement.

The statement announced that the meeting, which will take place on  October 19, will allow participants to learn about the advantages and functions of Macau as a service platform for trade cooperation between China and Portuguese-speaking countries “in order explore investment opportunities together.”

China’s trade with Angola in the first seven months of the year amounted to USD10 billion, an increase of 50 percent from the same period in 2016.

The city of Guangzhou is the capital and nerve center of Guangdong province, the wealthiest region of China.

In the first half of 2017, Guangzhou’s GDP grew at a higher rate than the rest of the country; 7.9 percent against 6.9 percent, standing at RMB989 billion or USD147 billion.

Guangdong province has an area of 179,800 square kilometers and a population of approximately 109 million, with its main industrial sectors being automotive, petrochemicals and information technology.

Relations between Guangdong and Macau have strengthened in recent years, and the “Guangdong-Hong Kong-Macau Framework Cooperation Agreement and Promotion of Construction of the Great Bay”, was signed in July. The agreement further deepens cooperation between the Chinese province and Macau, opening up new opportunities for economic and trade development, and cooperation.  MDT/Macauhub