Sino-Luso Business Federation meets for first time

The Business Federation of China and Portuguese-speaking Countries held its first planning meeting on Wednesday to discuss the structure of its organisation.
The meeting defined that the new organisation will be led by a council comprising representatives from the China Council for the Promotion of International Trade (CCPIT), Macao Trade and Investment Promotion Institute (IPIM), and similar departments in seven Lusophone countries.
In order to prepare for the future development of the Federation in the MSAR, a committee of 10 local commerce chambers was set up, with IPIM steering the procedures.
The first meeting only discussed the definition of the statutes for the Macau side of the Federation whilst a meeting with CCPIT and Portuguese-speaking countries representatives will take place during a business co-operation event to be held between June 16 and 18 in Cape Verde.
Organisation members will comprise trade chambers, companies and individuals.
The Federation was one of the initiatives announced by Chinese Premier Li Keqiang during the 5th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Forum Macao) last year.
Other measures announced by the Chinese official included the relocation of the headquarters of the China-Portuguese-speaking Countries Co-operation and Development Fund from Beijing to Macau, which is expected to take place within this year.