Macao’s IPIM ramps up trade promotion role

The Macao Trade and Investment Promotion Institute (IPIM) has advanced the work it does to assist Macao and Mainland China enterprises in trade relations with Portuguese-speaking countries, the institute said this week in a statement.

In 2015, IPIM’s liaison offices in Mainland China assisted approximately 900 visitors from Mainland China in visiting Macao-based trade exhibitions. “The liaison offices have also promoted and organised [last year] about 100 business visits to Macao involving approximately 500 persons from Mainland China,” IPIM stated.

The institute said those offices have also assisted in the signing of 17 agreements between government agencies, chambers of commerce and business associations from Macao and Mainland China. The liaison teams have also followed up on 60 co-operation projects in which Macao and Mainland China enterprises take part.

IPIM has liaison offices in the Chinese cities of Hangzhou, Jieyang, Chengdu, Shenyang and Fuzhou.

“[They] constantly serve as the bridge to actively promote trade and interactions between Macao, Mainland China and Portuguese-speaking Countries,” IPIM said.

IPIM added the liaison units “have jointly contributed to attract bilateral investments between Mainland China and Macao, involving investments totalling nearly 3 billion patacas (US$374.8 billion)”. Fields for investment included “high technology, tourism, real estate, biomedicine, new energies for electricity generation, logistics and warehousing, and environmental technology,” according to IPIM.