Portugal and mainland make trade, investment pledge after Beijing meeting

China and Portugal have agreed to strengthen investment and trade after Premier Li Keqiang and Portugal’s Prime Minister António Costa met in Beijing on Sunday, Xinhua reports.

The state-run news agency says the leaders signed a memorandum of understanding that would see them co-operate in developing third-party markets.

“We can combine China’s market potential and advantages in equipment manufacturing with Portugal’s advanced technology to create long-lasting and mutually beneficial co-operation,” Mr Li was quoted as saying.

Agriculture, infrastructure and automotive manufacturing were areas to develop according to Mr Li, while Mr Costa told reporters that investment and trade in energy, finance, ports and railways, agriculture and tourism held the potential for collaboration, Xinhua says.