Xi's Portugal Visit: China signs 17 bilateral agreements with Portugal
Updated 11:03, 09-Dec-2018
[]
02:24
Chinese President Xi Jinping has wrapped up his state visit to Portugal, the final stop of his four-nation tour. The countries signed 17 agreements and pledged to promote legislative cooperation. Al Goodman has more.
On the final day of his four-nation tour that started last week, there was still plenty of bilateral business to be done for Chinese President Xi Jinping. He met Portugal's Prime Minister Antonio Costa. The setting -- on the outskirts of Lisbon, at the ornate 18th-century Queluz Palace. The talks inside, focused on expanding trade and investment, as the two nations prepare to mark 40 years of diplomatic relations next February. China has more than ten billion dollars of investments in Portugal in energy, electricity, banking, insurance and health care. The two leaders presided over the exchange of numerous bilateral and business accords, signed by senior government officials and business leaders. Including a Memorandum of Understanding on China's Belt and Road initiative, where the two countries agreed to cooperate on specific projects. Another accord allows exports of Portuguese table grapes to China. Both leaders expressed satisfaction with the results.
XI JINPING CHINESE PRESIDENT "We achieved several points of consensus. I witnessed along with Prime Minister Costa the signing of various important documents of cooperation including the memorandum of understanding of the Belt and Road initiative. I can say that my visit got fructiferous results."
The CEO of Portuguese energy company EDP, the target of a takeover bid by China Three Gorges Corporation that already owns a 23% stake, says the visit pushes the relationship ahead.
ANTONIO MEXIA CEO, ENERGIAS DE PORTUGAL "I think the visits of president always, I would say, a push, a revamping of any relation. It's always like this. It's very important. Why Because it gives you, again, focus, and attention. The partnership for us between CGT and EDP has been very important."
AL GOODMAN QUELUZ, PORTUGAL "President's Xi's visit to Portugal was the first by a Chinese head of state in eight years. Officials here say some deals seem to get done, only when leaders of two countries actually get together, for face-to-face talks. Al Goodman, CGTN, Queluz, Portugal."