MACAO - The 20th Macao International Trade and Investment Fair (MIF) concluded here on Sunday with 50 project agreements signed.

According to the sponsor, Macao Trade and Investment Promotion Institute (MTIPI), the four-day event was participated by thousands of exhibitors from more than 50 countries and regions, with nearly 600 business negotiations held.

As the major program of MIF this year, the Portuguese-speaking Countries Products and Services Exhibition attracted more than 150 exhibitors and was highly valued.

An exhibitor called Jorge Cimeira from Portugal, said that compared with last year, the set up of the Portuguese-speaking Countries Products and Services Exhibition is effective. He also disclosed that his company has already received invitations from a number of mainland investors on being an agent of his products in the Chinese market.

Another exhibitor Matilde Branquinho said that among all the products she brought to MIF, red wine was the most welcomed item. She believed that her company's participation in MIF was successful and hoped that they could continue to join next year.

Catering to the new trends of E-commerce, a number of on-line shop operators and cross-border e-commerce operators have, for the first time, took part in the MIF, to conduct procurement negotiations, showcase their services and explore business and co-operation opportunities in the Portuguese-speaking Countries.

Terry Fung, Strategic Partner Manager at Google Hong Kong believed that the series of activities held during MIF can enhance the awareness of Macao's small and medium-sized enterprises on E- commerce development and make use of this platform to develop their own business.

The fair was a venue for 55 forums, conferences and product promotion programs highlighting high-profile topics of Belt and Road Initiative, "Internet Plus", youth entrepreneurship and regional economic co-operation.

The 21th MIF will be held from October 20 to 23 next year, the MTIPI disclosed.