Page 42

Macao Magazine 54

September 2019

Not only is it the first time the event has been held in the nation – the second-poorest per capita in the Portuguese-speaking world after Guinea-Bissau – but for many of the entrepreneurs and delegations from China and Portuguese-speaking countries, it is their first proper look at the country. For Bom Jesus – who is extremely keen on bringing in foreign investment, particularly from China – and his newly elected, reform-minded government, it is also the first time they can show off their country’s vast potential to potential future investors. More than 300 people, including up to 150 potential investors, attended. At the opening, in the National Assembly building, Bom Jesus tells the delegations of attendees to ‘feel at home’ in the nation – but the investors are also challenged to look beyond ‘the world’s best chocolate’. The islands, according to the prime minister, should be seen as a gateway to the Gulf of Guinea sub-region at a time when ‘new pages are A cherub on a plinth in São Tomé

40

[being] written on the relaunch and boosting of the historical and brotherly relations between the countries and peoples of São Tomé, China and Africa’ in a ‘multilateral perspective of mutual respect’.

We want to improve the infrastructure of this country and have better connections with the outside world. It is one of São Tomé and Príncipe’s dreams. Ambassador Wang

Bom Jesus also notes in his address that investors should look to the human capital of the islands – a young population ‘thirsty for training’ as a way to cut The Cathedral of São Tomé

‘the vicious cycle of poverty and underdevelopment’. He highlights that sectors like telecoms, trading, tourism, oil, education and health are all worthy of investment.

The agreements Not long after the Prime Minister takes to the stage, the first six bilateral agreements are signed. APCI director Rafael Branco – in his role for only a few months – and president of the Macao Trade and Investment Promotion Institute (IPIM), Irene Va Kuan Lau, sign a cooperation agreement. The Portuguese-speaking Countries Business Forum (FELP), headed by Maria João Gregório, also signs a framework agreement with the São Tomé e Príncipe Chamber of Commerce and Industry. In the legal sector, the Alliance of Legal Services for the Interior of the People´s Republic of China, Macau and the Portuguese-Speaking Countries sign an agreement with São Tomé and Príncipe law firm

Profile for Macaulink

Macao Magazine September 2019  

We have found alarming figures on plastic waste over the course of putting together this issue: 160,000 plastic bags are used every second a...

Macao Magazine September 2019  

We have found alarming figures on plastic waste over the course of putting together this issue: 160,000 plastic bags are used every second a...