China is willling to further enhance trade and investment liberalisation and facilitation with Portuguese-speaking Countries, as well as to improve collaboration in advancing infrastructure connectivity, industrial capacity, energy conservation, and environmental protection, Premier Li Keqiang said.

Li Keqiang was speaking via video message yesterday at the opening ceremony of a special ministerial conference of the Forum for Economic and Trade Cooperation between China and the PSCs, also known as Forum Macao.

China is also willing to increase cooperation with PSCs in vaccines, medication and health and has set up a communication centre on epidemic prevention in Macao, said the premier.

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Trade between China and the PSCs has exceeded USD 100 billion for five consecutive years and reached USD 200 billion in 2021, which fully demonstrated the resilience and potential of cooperation, Li noted.

Portuguese Prime Minister, António Costa, speaking via a video message during the conference, defended the strengthening of cooperation with China and recalled that Portugal opens the door to large markets such as the European Union, Latin America and Africa, mainly due to the relationship with PSCs.

Costa remembered the diplomatic and “friendly” relations between Lisbon and Beijing, especially within the framework of Forum Macao and PSCs and said that to overcome the current socio-economic situation, due to the pandemic and the war in Ukraine, it is necessary to provide an economic stimulus and new opportunities.

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The Portuguese Prime Minister also called for better and more consistent management of the existing multi-million Chinese fund created to finance Sino-Lusophone cooperation.

Brazil vice-president, Hamilton Mourão, highlighted “the economic potential” of the PSCs, “included in different trade blocs”, with millions of consumers, coastal countries with maritime and mineral resources”  and said that it is necessary to continue to promote trade exchange and the flow of investments between Forum members.

The Minister of State for Economic Coordination of Angola, Manuel Nunes Júnior, recalled the importance of Chinese investment in his country which is developing economic measures in order “to reduce dependence on oil”.

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The Prime Minister of Cabo Verde, Ulisses Correia da Silva, said during the conference that, “at a time of global economic contraction”, the “biggest challenge” is “overcoming the pandemic” and that joint efforts, within the framework of Forum Macao, they can be “an opportunity to attract private investment”, namely in civil construction.

Nuno Gomes Nabiam, Prime Minister of Guinea Bissau, asked China for support in the “development of productive technologies”, words echoed by the prime minister of Mozambique, Adriano Maleiane, who expressed his desire to strengthen the union and the cooperation mechanisms of the countries represented at Forum Macao.

In his speech, the Prime Minister of São Tomé and Príncipe, Jorge Bom Jesus, underlined the importance of financial support, and the need to define the priorities of Forum Macao’s future action.

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The Prime Minister of Timor-Leste, Taur Matan Ruak, marked the “devastating effects of the pandemic”, but expressed the conviction that “Chinese aid” and the country’s commitment “to explore opportunities” in Beijing’s project to develop the Greater Bay Area may be a response to the international economic difficulties.

Macao’s Chief Executive, Ho Iat Seng, said that the Sunday meeting had created the conditions to strengthen “the promotion of cooperation between China and PSCs in the area of ​​health, economic recovery and enhancing the cohesion and influence of Forum Macao”.

At the end of the conference, representatives of the nine countries at Forum Macao approved two joint resolutions: one pointing to strengthening cooperation, and the other approving the membership of Equatorial Guinea, which has been part of the Community of Portuguese-speaking countries since 2014.