Nation to bolster trade ties with Portugal

China is willing to work with Portugal to develop closer trade ties and expand cooperation in areas such as energy, finance, tourism, infrastructure and third-party markets, officials said.

The strong growth momentum in relations is boosted by businesses from both countries giving full play to their respective advantages in production capacity and technology collaboration, and maximizing potential in services and new energy industries under the Belt and Road Initiative, said Sun Xiao, director of the multilateral cooperation department of the China Chamber of International Commerce.

Bilateral trade grew by 8 percent year-on-year to $5 billion in the first 10 months, as China and Portugal have seen deeper economic cooperation over the past few years, with steady growth in trade and investment, the Ministry of Commerce said last week.