TOKYO - seoul - shanghai
Portugal Premium Experience - Seoul, organized by AEP, will take place on the 26th of April at Four Seasons Hotel Seoul.
This mission, part of the Next Challenge Asia project, has as main objective solidify the business relationships between Portugal and South Korea.
This event will present two sectorial seminars of the Agrifood and Home & Building Materials sectors, which aims to give South Korean Business Representatives a better understanding of the Portuguese Market and its offers. The seminar will be followed by a cocktail and networking moment to facilitate new business partnerships and stregthen existing ones.
15h45 - 16h00
16h00 - 16h30
Home & Building Materials
16h30 - 17h30
17h30 - 17h45
FREE PARTICIPATION - REGISTRATION MANDATORY DUE TO LIMITED VACANCIES
Portugal Premium Experience - Seoul, will count with the participation of the representatives of well internationalized Portuguese companies as speakers, who will share their insights and experiences, providing valuable information to attendees and showcasing the strenghts of Portuguese businesses.
Portugal, located in southwestern Europe, in the most western part of the Iberian Peninsula, and with some territories in the Atlantic Ocean - namely the Azores and Madeira archipelagos. It's a country with a diversified economy, with strenghts in industries such as tourism, textiles, agriculture and food products, luxury furniture and building materials. With greater investment in renewable energies and innovation, Portugal is a place for striving tech startups, that has been improving and recovering from the COVID-19 economic recession with significant growth, implementing reforms at reducing bureaucracy and promoting entrepreneurship.
Portugal offers a skilled and educated workforce and a strategic location in Europe, making it an attractive destination for foreign investment. Portugal's top exports include machinery and transport equipment, textiles, and agricultural products such as wine and olive oil.
South Korea and Portugal have maintained good bilateral trade and diplomatic relations, with the total trade volume between the two countries reaching US$747 million, in 2020 alone. Portugal is also a popular tourist destination for young South Koreans, with over 66,000 Korean tourists visiting the country in 2019 - this number has continued to grow in recent years, after the pandemic. The two countries have signed several agreements to promote cooperation in various areas, including science and technology, education, and cultural exchange.
The Portuguese agrifood sector is one of the most relevants that accounts for about 10% of the GDP. The sector is diverse and includes industries such as: wine, olive oil, cheese and other dairy, seafood, fruits & vegetables, and meat and other food products.
The sector has undergone modernization and innovation, focusing on sustainable production practices and value-added products.
This sector has been investing in innovation, with the use of technology and data analytics to improve production processes, increase efficiency, and reduce waste. This has enabled the Portuguese Agrifood sector to become more competitive, while also addressing environmental challenges.
The Portuguese Home sector represents for about 4.5% of Portuguese Economy's exports. Portugal's strategic location, strong trade connections and diversified product range facilitate the development of a global market for this sector, with more emphasis to the main export partners in this sector, such as France, Spain and Germany, Angola, United Kingdom, USA and China. This sector has a long history and is renowned for its high-quality craftsmanship and design, englobing industries of high-end and contract furniture, lighting, textiles, upholstery and decoration. Many Portuguese brands have expand their influence and are well known in the market for excelling in luxury furniture, often custom or handmade, to supply the most detail oriented projects or the most exigent clients.
The Portuguese sector of Building Materials & Infrastructures is an important contributor to the country's economy, with a strong focus on sustainable and innovative solutions. Ths sector encompasses a variety of industries related to construction, such as cement, ceramics, glass, and steel, among others. This sector has undergone modernization and innovation, with a growing focus on sustainable practices such as the use of renewable energy sources, reducing waste and emissions, and the incorporation of smart technologies in infrastructure development.
The first event of Portugal Premium Experience took place on the 25th and 26th of October 2022, where AEP received about 30 entrepreneurs from Japan, South Corea and China. This entourage promoted by AEP was marked by the dynamism and willingness to internationalize the Portuguese Market, and where the invitees had the opportunity to participate in various sectorial workshops, contact directly with Portuguese products, companies and entrepreneurs.
On the second day of the event, the Asian Entrepreneurs had the opportunities to visit the installations and fabrics of some of the most renowed and internationalized Portuguese brands located in north Portugal. With the themes "The Potential of the Portuguese Agro-Food Sector" and "The Potential of the Portuguese Home, Building Materials and Infrastructure (Water and Energy) Sectors", companies and sector representatives presented their brands and products, and also had the opportunity to mention the immaterial factors of competitiveness that the Portuguese market offers, namely regarding innovation and sustainability.
"The diversification of markets is essential to increase the competitiveness of our companies, especially at such a sensitive time for the world economy. This project, aimed at Portuguese micro, small and medium-sized companies in the Agro-Food, Home, Infrastructure (Water and Energy), and Construction Materials sectors, has the objective of guiding companies that export or intend to start their expansion into the demanding Japanese, South Korean, and Chinese markets. It is an excellent gateway to a huge market, which has its own particularities and deserves redoubled attention from us in counseling and monitoring of entrepreneurs"
Luis Miguel Ribeiro, President of AEP.
AEP, known as the Portuguese Business Association and Portuguese Chamber of Commerce and Industry, was founded in 1849 and is the largest business association in Portugal, which has obtained the status of Portugal's Chamber of Commerce and Industry. Its main goal is to aid Portuguese business activity in several sectors and in defending and promoting the interests of the business community.
AEP has also been a prized partner of governments in the discussion of issues related to the development of the Portuguese economy, and has a seat on the European Economic and Social Committee. Its services towards development have been public officially recognized: it is an Honorary Member of the Order of Prince Henry and possesses the Agricultural and Industrial Merit commendation (Industrial Class).
The AEP also plays an important role in fostering economic development and international trade in Portugal. It organizes and participates in various events, such as trade fairs, exhibitions, and business missions, both in Portugal and abroad, developing partnerships with other business organizations and institutions in Portugal and overseas.
For any questions regarding the participation in Portugal Premium Experience - Seoul, please reach out to the organizing team, or contact us through the contact form below.
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