Full text of speech by Li Keqiang at Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries (1)

Chinese Premier Li Keqiang on Tuesday delivered a speech at the opening ceremony of the Fifth Ministerial Conference of the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries.

The following is the full text of Li's speech:

Keynote Speech by H.E. Li Keqiang, Premier of the State Council of the People's Republic of China, at the Opening Ceremony of the Fifth Ministerial Conference of the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries

Macao, 11 October 2016

Your Excellency Prime Minister Jose Ulisses Correia e Silva of Cabo Verde,

Your Excellency Prime Minister Baciro Dja of Guinea-Bissau,

Your Excellency Prime Minister Carlos do Rosario of Mozambique,

Your Excellency Prime Minister Antonio Costa of Portugal,

Distinguished Guests,

Ladies and Gentlemen,

It gives me great pleasure to meet you in the beautiful city of Macao and attend the opening ceremony of the Fifth Ministerial Conference of the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries. On behalf of the Chinese government, let me extend warm congratulations on the opening of the conference and sincerely welcome all guests coming from afar. I would also like to pay high tribute to all those who have long been committed to friendship and cooperation between China and Portuguese-speaking countries.

As is known to visitors of this city, bridges are the backbone for Macao. They are vital to economic development as well as people's work and life. Macao used to be the proud home of Asia's longest bridge, the Ponte de Amizade (Bridge of Friendship) which was completed in 1994. Now, together with Hong Kong and Zhuhai, Macao has just set a new record of the longest cross-sea bridge in the world. The bridge linking the three cities extends over an unprecedented 55 kilometers.

I must add that there is an even longer "cross-ocean bridge" in Macao, i.e. the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries. It is certainly there, though invisible. With language and culture as the bond, business cooperation as the theme, and common development as the objective, this forum has sought to fully leverage the unique strengths of Macao and played an important role in further strengthening the links between China and the seven Portuguese-speaking countries. I am sure it will continue to do so in the future.

Last year, the trade volume between China and Portuguese-speaking countries reached nearly 100 billion U.S. dollars. China has become a leading trade partner and the fastest growing main export market for Portuguese-speaking countries. China is home to nearly one thousand companies set up by Portuguese-speaking countries, and has invested close to 50 billion U.S. dollars and contracted projects worth over 90 billion U.S. dollars in these countries. The two sides have also conducted fruitful cooperation in agriculture, environmental protection, transport, telecommunications and finance.

Facilitated by the forum, China and Portuguese-speaking countries have intensified exchanges at various levels. Political mutual trust and high-level exchanges have increased. Subnational cooperation has kept a strong momentum. The number of Chinese tourists visiting Portuguese-speaking countries is growing fast. The two sides have also enhanced educational and cultural contacts. The Portuguese and Chinese languages have become increasingly popular in each other's country. Portuguese is now taught in over 20 Chinese universities. And 17 Confucius institutes have been set up in Portuguese-speaking countries. Well-known artistic works, such as samba, fado, Butterfly Lovers and Jasmine Flower have helped deepen mutual understanding and friendship among our peoples.

The world we live in has been going through profound changes both politically and economically. World economic recovery remains sluggish, marked by deep adjustment in commodity prices, lackluster trade and investment and rising protectionism in various forms. All these have posed severe challenges to the development of all countries.

The G20 Hangzhou Summit held successfully in September reached broad consensus on issues centering around the theme of the Summit: "Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy." The Summit called for building an open world economy, rejecting protectionism in all forms, reviving the engines of international trade and investment, and making sure that economic growth in a globalized world deliver opportunities to more people.

Together, China and Portuguese-speaking countries account for 17 percent of the economic output and 22 percent of the population of the world. We have respective strengths in capital, technology, resources and market and are both located at main international shipping lanes. China's Belt and Road initiative is highly compatible with the development plans of many Portuguese-speaking countries. In the new era, China and Portuguese-speaking countries enjoy more shared interests and have a greater stake in each other's success. China is ready to work with Portuguese-speaking countries to consolidate business relations and set a good example of friendship and cooperation among countries with different social systems and cultural backgrounds and at different development stages.

We should enhance political mutual trust, which provides firm basis for practical cooperation. Our relationship is now better than ever. In a spirit of mutual respect, equality and win-win cooperation, China is ready to work with Portuguese-speaking countries to further intensify high-level exchanges and mutual support on issues concerning each other's major interests, properly handle differences, and foster a sound, stable and forward-looking partnership.

We should advance trade and investment liberalization and facilitation. Despite some setbacks, economic globalization is still an irreversible trend. It can help improve the division of labor among countries, increase efficiency, and expand the market. It has brought more choices of goods to consumers and increased the well-being of the people, thus serving the long-term interests of all countries. China is ready to join hands with Portuguese-speaking countries to expand mutual market openness, boost cooperation in customs, inspection and quarantine, and certification and accreditation, strengthen IPR protection, and foster an enabling trade and investment climate. China does not pursue trade surpluses with Portuguese-speaking countries. We will actively implement the policy of zero-tariff treatment to 97 percent of tax items of some Portuguese-speaking countries, increase imports from your countries, and support e-commerce between businesses of the two sides, with a view to further tapping the potential of trade growth. (mo