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China Economic Reform

Forum in Macao shows common value,ideal: Brazilian trade minister

Xinhua News Agency | Tue,2016-10-11

The trade cooperation forum held in Macao will help the communication between China and Portuguese-speaking countries (PSCs), and bring more opportunities for those countries, said the Brazilian trade minister on Tuesday.   

The remarks were made here at the opening ceremony of the fifth Ministerial Conference of the Forum for Economic and Trade Cooperation between China and PSCs.

Brazilian Minister of Industry, Trade and Services Marcos Pereira said Macao is a city where eastern and western cultures mix together, and the ongoing conference held in Macao shows their common value and ideal. "I strongly believe this meeting will boost the exchange of experience among governments and institutions and promote the trade and investment among those countries," he added.

The theme of the two-day conference is "Moving towards a Stronger China-Portugal Trade and Economic Relationship: Jointly Discussing Cooperation, Constructing Platform and Sharing Development."   During the forum, Action Plans for Economic and Commercial Cooperation (2017-2019) will be signed to lay out the key areas and directions of the economic and trade cooperation between China and the PSCs.

Pereira said Brazil is now in the key stage of economic transition, with many macro economic policies to be adjusted. "We have overcome political crisis and are working hard to recover our economic growth," he added.

The minister said the key for Brazilian economy to regain the momentum of fast growth lies on vast investment to infrastructure construction and promotion of foreign trade. "It is necessary to integrate Brazil's foreign trade by measures including establishment of multilateral and regional chain of value and free trade agreement," he said.

"Now it is time for us to seize such an opportunity of common action. I hope we can create better conditions for mutual investment and trade development, and fulfill our commitment to concrete  cooperation," Pereira added.