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Meeting between the ambassadors to Portugal from Equatorial Guinea and China

16.03.2017

The meeting took place at the diplomatic headquarters of the People's Republic of China in Portugal, and its aim was to examine the viability of the initiative from our country's ambassador, Tito Mba Ada, to establish Equatorial Guinea-China-Portugal triangular cooperation in order to strengthen the programme of economic diversification in Equatorial Guinea, through the Macao Platform, which sets out a line of Chinese credit for Portuguese-speaking countries in Africa, together with East Timor, to a value of 2,000 million Yuan (around 270 million Euro). This fund is earmarked to promote infrastructure and industrialisation projects.

Macao is a small special administrative region on the south coast of the People's Republic of China, which was governed by the Portuguese empire until the end of 1999. It was the last European colony in Asia. Currently, it maintains strategic cooperation with countries from the Community of Portuguese Language Countries (CPLP).

It is one of the richest regions in the world. Since 2015, its GDP per capita in terms of purchasing power parity is higher than any country in the world, according to the World Bank. Macao has the fourth highest life expectancy on the planet. In addition, it is one of the regions in Asia with a very high Human Development Index, and has occupied 18th place in the world rankings since 2014.

According to the Equatoguinean diplomat, the Macao Platform is a way that can attract public or private investment, and boost the economic diversification of Equatorial Guinea with respect to Horizonte 2020.

On the photo: A moment during the meeting


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