| Competent Economic and Trade Authorities of China and Portugal to Establish Economic Mixed Commission |
| Thursday,January 20,2005 Posted: 07:57 BJT(2357 GMT) |
|
On Jan. 13, Bo Xilai, Minister of Commerce, met with Portuguese Minister of Economic Activities and Labor Alvaro Barreto who accompanied the president Jorge Sampaio to visit China. Bo Xilai pointed out that in recent years, the bilateral trade developed rapidly, and amounted to US$800 million in 2004. Nevertheless, the developing space of bilateral trade was huge and China would endeavor to promote Sino-Portugal bilateral trade to develop at a higher speed. Barreto expressed that owning to the rapid development of economy in the past 10 years, Portugal made China a top-priority in trade and economic cooperation. Portuguese enterprises were of much interest in starting cooperation with China. The two countries signed Sino-Portugal Economic and Technological Cooperation Agreement and set up Sino-Portugal Enterprises Committee, which would no doubt push development in Sino-Portugal trade and economic cooperation. China and Portugal would establish Sino-Portugal Enterprises Committee under the framework of Sino-Portugal Economic Mixed Commission, aiming at developing bilateral economy and enterprise relations and enhancing the understanding of characters of markets and trade opportunities in the two nations. Principal of European Affairs Department of MOFCOM said that Portugal possessed advanced technology in automobile manufacture, mould, medicine, soft wood processing and wine brewage etc. and was experienced in tourism. China welcomed Portuguese enterprises to introduce advanced technology and high quality products to China, and meanwhile, encouraged Chinese enterprises to invest and do business in Portugal. According to statistics of MOFCOM, bilateral trade in 1979 when the diplomatic relations were established was only US$200 thousand, and exceeded US$800 million in 2004, up by 4000 times. In the first 11 months of 2004, the bilateral trade between China and Portugal reached US$786 million, up by 48% on a year-on-year basis. Of which exports were US$525 million and imports US$261 million, up by 45% and 55% respectively. (Source: Network Center of MOFCOM) |
 | China, Portugal Sign Seven Pacts 2005-01-14 08:37 |
| China, Portugal sign seven pacts 2005-01-13 13:53 |
| Bilateral Trade Between China and Portugal Developed Rapidly 2005-01-12 08:51 |
| 5th Session of China-Portugal Economic and Trade Mixed Commission Held 2004-03-09 10:05 |
| Zhang Zhigang , Vice Minister of Commerce of PRC met Dulce Franco, Secretary of State to the Minister of Economy of Portugal (1) 2004-03-03 15:30 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
