The 20th Macao International Trade and Investment Fair (MIF) kicked off here on Thursday, focusing on high-profile topics of "Belt and Road" initiative, "Internet +", youth entrepreneurship and regional economic cooperation.
Themed "Cooperation - Key to Business Opportunity", MIF this year has attracted over 1,400 delegations from more than 50 countries and regions, featured about 2,000 exhibition booths covering a floor space of about 37,000 square meters.
The fair this year is enriched by setting up of an "exhibition-within-an-exhibition", namely the Portuguese-speaking Countries Products and Services Exhibition, as well as E-commerce Pavilion. There are more than 50 concurrent events and high-level forums, presentations and seminars on investment environment and projects, and industry-specific conferences, enabling exhibitors from around the world and local small and medium-sized enterprises to explore business opportunities together.
Macao is undergoing a period of economic adjustment, certain underlying problems have been exposed. However, the current downturn creates opportunities in adjusting the economic structure, said Leong Vai Tac, the secretary for economy and finance of Macao Special Administrative Region (SAR), in his opening speech.
Adding that for two decades, the MIF has played a role as a platform for international trade and exchanges, enabling companies from different regions to explore new business chances via the service platform provided by MIF.
Leong said Macao will grasp opportunities in regional cooperation. The further liberation of trade in sevices with Guangdong province under the Mainland and Macao Closer Economic Partnership Arrangement(CEPA), the development of Guangdong-Hong Kong Macao Big Bay Area and the completion of Hong Kong-Zhuhai-Macao Bridge will result in cumulative effect and create potentials for Macao's progress in new stage.