25 May 2020
Portugal Should be “pragmatic” in Face of Possible US-China Escalation, top Portuguese Diplomat Warns
Former Portuguese Foreign Minister, Ambassador António Martins da Cruz warns that the current trade war between the US and China could be just the first stage of a more severe dispute, that evolves into a technological war, a political one and, at the last stage, a military dispute like the one during the height of the Cold War. Portugal, he warns, should have a "pragmatic approach" to the escalation.
25 May 2020
Brazil-China relations have been put to a further strain with the release by the Brazilian Supreme Court of a recording of a Government meeting where Minister of Economy, Paulo Guedes, says the Chinese Government should pay for a Marshall Plan to all countries that have been hit by Covid-19. China´s embassy in Brazil has avoided escalation.
22 May 2020
Timor-Leste Moves to Improve Business Environment with Assistance from World Bank, Australia and Japan
The Timorese Government announced today that it has signed an agreement with the International Finance Corporation (IFC) of the World Bank group, to help the country improve its business environment.
20 May 2020
Transport of medical equipment from Wenzhou and Changsha, China, to Angola is being ensured by EuroAtlantic airways (EAA) from Portugal, at the service of Angola´s Bestfly. Irregularities in a first flight between China and Angola operated by Ethiopian Airlines led the Government to look for alternatives in supplies during the Coronavirus pandemic.
20 May 2020
Gong Tao, ambassador of China to Angola, is confident debt negotiations between the two countries will be successful, and that bilateral relations will actually emerge stronger from the current hardship. In an interview published in Angola, marking his first year as ambassador, he reveals the foreign ministers of the two countries spoke on the phone on 11 May, and vowed to strengthen “strategic ties”.
17 May 2020
With international trade levels declining as a result of the Covid-19 pandemic, Brazilian trade flows remain strong. According to data released by the Brazilian Foreign Trade Secretariat for the first four months of the year , exports to Asia, especially to China, are the hotspot for South America´s largest economy, and sales to China grew 11.3% .
14 May 2020
With the coronavirus pandemic weighing on economic activity, the Economist Intelligence Unit (EIU) now expects the economy of Mozambique to contract by 2.4% in 2020. According to the EIU, the economy will pick up in 2021, growing by 2% as the agriculture sector rebounds.
13 May 2020
The bid for the construction of the new Vasco da Gama terminal at Portugal´s Port of Sines has been delayed until April 2021, according to the administration. In the meantime, Sines is moving ahead with the expansion of the existing terminal, operated by PSA Singapore, and wants to created an agro-industry hub for agricultural companies from Brazil.
12 May 2020
The Portuguese-Chinese Chamber of Commerce and Industry (CCILC) has loudly rejected a new Portugal-China trade association focused on small and medium-size enterprises (CCPC-PME). In a statement, CCILC calls the new association "untransparent".