Chief Executive begins visit in Brazil

The Chief Executive, Mr Edmund Ho Hau Wah, on 20 June (Brazil time) begins his six-day visit to Brazil meeting with Brazilian entrepreneurs in Sao Paulo, the Brazilian industrial capital. Mr Ho and the Macao delegation attended a luncheon meeting with Brazilian entrepreneurs after arriving at Sao Paulo early in the morning. He said in his speech that being an important industrial city that generated one-thirds of Brazil’s GDP, Sao Paulo is very important in the economic co-operation between Brazil and China. He said he hoped this visit could promote economic and cultural co-operation between Macao and Sao Paulo, and highlighted Macao’s role of being mediator between China and the Portuguese-speaking countries. Mr Ho also invited the Brazilian entrepreneurs to visit and explore business opportunities in Macao. During the luncheon, the president of the Macao Trade and Investment Promotion Institute, Mr Lee Peng Hong, gave an account of the recent economic developments in Macao, emphasising on the new opportunities provided by the Closer Economic Partnership Arrangement between the Mainland and Macao (CEPA). He also invited Brazilian entrepreneurs to participate in the Macao International Trade & Investment Fair (MIF) in October, in which a showroom for products of Portuguese-speaking countries will be set up. In the afternoon Mr Ho and the Macao delegation would meet with the Vice-Governor of the State of Sao Paulo, Mr Claudio Lembo, after a meeting with the members of the Casas de Macau in Sao Paulo and in Rio de Janeiro.