Almost 50 protocols inked on second day of Sam Hou Fai’s visit to Madrid

By José Carlos Matias, in Madrid

A total of 48 protocols were signed on Wednesday between companies and entities from Macau, Hengqin, the wider mainland China, and Spain on the second day of Chief Executive Sam Hou Fai’s visit to Madrid.

Of these, 43 were inked at the economic and trade cooperation promotion session hosted by Macau’s Commerce and Investment Promotion Institute (IPIM). The event, which brought together some 170 participants, also included 104 business-matching meetings.

Another five cooperation agreements were signed during a reception hosted by the Macau SAR Government.

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The cooperation protocols and memorandums of understanding involved a wide range of areas, such as green industries, technology, tourism, hospitality, health, pharmaceuticals, food and beverage, traditional Chinese medicine, biotechnology, new energy, MICE (meetings, incentives, conferences, and exhibitions), trade, and market expansion.

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The agreements signed on Wednesday “lay the foundation for deepening cooperation between Macau and Spain across a wide range of areas,” Sam Hou Fai noted in remarks to the media.

During Sam’s visit to Portugal from 18 to 21 April, 61 agreements were signed, bringing the total number of protocols inked during the Macau Government’s mission to the Iberian Peninsula to 109.