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Timor-Leste
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.
Angola
20 May 2020

Portugal´s EuroAtlantic Airline Ensures Supply to Angola of Chinese Medical Gear

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.
Angola
20 May 2020

China Aiming to Strengthen “Strategic Ties” to Angola

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”. 
Brazil
17 May 2020

China-Brazil trade resists global slowdown

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% .
Macao
14 May 2020

Adelson ‘gives up’ on Japan casino project

US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, objecting the terms of Japan’s casino legislation.
Mozambique
14 May 2020

Mozambique´s economy to contract 2.4% in 2020 due to pandemic

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.
China
13 May 2020

Portuguese Port of Sines delays new EUR 600 million terminal project for 1 year 

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. 
China
12 May 2020

Portuguese-Chinese Chamber of Commerce and Industry rejects new association for SMEs

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".
Angola
11 May 2020

UN´s Economic Commission for Africa Proposes 7 Lockdow Exit Strategies

The United Nations Economic Commission for Africa (ECA) estimates that a one-month full lockdown across Africa would cost the continent about 2.5 per cent of its annual GDP, equivalent to about USD 65.7 billion per month. With the costs of the Covid-19 lockdown mounting, the ECA is now proposing 7 Lockdow Exit Strategies for African Countries that that "provide sustainable, albeit reduced, economic activity".
China
11 May 2020

PortugalFoods Launches “Virtual Missions” to Taiwan, Singapore, Hong Kong and South Korea

With travel restrictions related to Covid-19 putting trade missions on hold, PortugalFoods, the "umbrella" brand of the Portuguese agrofood sector, is organizing "virtual missions", starting with Taiwan, Singapore, Hong Kong and South Korea.
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