02 December 18

Chinese president, Xi Jinping, will visit Portugal December 4-5, 2018

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Following a visit to Spain, Chinese President Xi Jinping will visit Portugal December 4-5, 2018.

During the state visit to Portugal,  President Xi Jinping will hold talks with his Portuguese counterpart Marcelo Rebelo de Sousa, meet with President of the Parliament Eduardo Ferro Rodrigues and Prime Minister Antonio Costa.

The two governments are expected to publish a joint statement and sign documents to boost cooperation in such areas as infrastructure, culture, education, science and technology, water conservancy, quality inspection, energy, and finance.

Portugal’s ports are keen to play as fuller role as possible in China’s new Silk Road economic policy.

The Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as The Belt and Road, One Belt, One Road (OBOR) or the Belt and Road Initiative is a Chinese development strategy and framework that focuses on connectivity and cooperation among countries primarily between China and the rest of Eurasia, which consists of two main components, the land-based “Silk Road Economic Belt” (SREB) and oceangoing “Maritime Silk Road” (MSR). The strategy includes acquiring stakes in ports and other transport facilities to improve and speed up the transport of goods between China and Europe.

This comes at a time in Europe where questions are being asked about the effects of China taking stakes, sometimes controlling stakes, in European ports and other transport infrastructure.

Currently, Chinese businesses including COSCO Shipping Ports Ltd, have key stakes in Piraeus (Greece), Valencia and Bilbao (both Spain), Vado Ligure (Genoa, Italy), Ambarli (Istanbul (Turkey) Marsaxlokk (Malta), Marseille (France), Port Said (Egypt) and Tanger Med (Morocco), all ports around the Mediterranean Sea.

Source: Ports Europe

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