Macau’s new Commerce and Investment Promotion Institute commenced operations on July 1, 2024.
The Institute is the result of a merger between the Macao Trade and Investment Promotion Institute, established in 1994, and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao), established in 2004.
The official Portuguese and English names of the Commerce and Investment Promotion Institute are “Instituto de Promoção do Comércio e do Investimento” and “Commerce and Investment Promotion Institute” respectively. The official abbreviation for the institute will continue to be “IPIM”.
The Commerce and Investment Promotion Institute is led by the Board of Directors and consists of three departments and eight divisions. Members of the Board of Directors who assumed office on July 1 include president Vincent U, executive directors Sam Lei, Wong Yee Lam and Leong Wa Fong.
Its main responsibilities will be attracting businesses and investors to Macau, supporting companies exploring new markets, helping develop the destination’s business events industry, and facilitating economic and commercial exchange and cooperation between China and Portuguese-speaking countries.
IPIM’s existing public service counters, official websites, e-mail addresses, and contact numbers shall remain unchanged.
As to new media accounts of the original IPIM, such as WeChat official accounts, WeChat Channels, YouTube Channel and LinkedIn account, will be updated with the new name, without affecting existing subscribers’ access.
