The government’s Macau Trade and Investment Promotion Institute (IPIM) continues as a restructured entity today, with its official English name now being Commerce and Investment Promotion Institute.
The institute announced its new official English name in a statement on Friday.
The newly named institute merges today with the now-defunct support office of the Permanent Secretariat of Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macao).
The Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries is known as Forum Macao for short.
Forum Macao’s Permanent Secretariat is headquartered in Macau.
After Forum Macao was launched in 2003, the local government set up a support office as a project team in 2004 providing administrative support to Forum Macao’s Permanent Secretariat.
As a project team on a temporary basis, the local government had periodically extended the duration of the support office a number of times since its inception in 2004.
The support office is abolished from today when its role is taken over by the restructured institute.
Before the restructured institute’s official English name was announced on Friday last week, its Portuguese name and Chinese name were announced about three weeks ago when the government announced its decision to restructure the institute.
The Portuguese name of the now-defunct Macau Trade and Investment Promotion Institute, which was established in 1994, was Instituto de Promoção do Comércio e do Investimento de Macau (IPIM).
The restructured institute is now renamed Instituto de Promoção do Comércio e do Investimento in Portuguese, but its Portuguese abbreviation remains unchanged as IPIM, despite the fact that “Macau” has been removed from the new name.
The Chinese name of the restructured institute has been changed to “招商投資促進局” from “澳門貿易投資促進局”.
As in Portuguese, “Macau” has been removed from the institute’s new Chinese name.
The restructured institute now has three departments, one of which is tasked with providing administrative and technical support to the operation of Forum Macao’s Permanent Secretariat.
According to Friday’s statement, the new Commerce and Investment Promotion Institute’s top executives remain the same as those of the pre-restructured institute, namely its president, Vincent U U Sang, and executive directors Sam Lei Chou Sam, Wong Yee Lam and Leong Wa Fong.
The logo of the new Commerce and Investment Promotion Institute released on Friday
