Governor Rafael Fonteles of Piauí, Brazil, has signed three Memorandums of Understanding (MoUs) with the Fujian Government in Fuzhou, China.
The first MoU establishes a friendship agreement between Fujian and Piauí, promoting friendly exchanges between the governments and citizens of both provinces and states.
The second MoU is between the Ports of Xiamen and Lus Correia. This partnership between Investe Piauí and the Xiamen Port Group, which runs the Port of Xiamen, intends to establish cooperation initiatives, research, and studies.
The third agreement creates a collaboration between the Xiamen Pilot Free Trade Zone and the Parnaba Export Processing Zone (EPZ).
The goal is to improve port operations in Piauí and increase renewable energy generation in the region.
In July 2020, the Xiamen Container Terminal Group announced that the Port of Xiamen will become the first port in China to be “fully intelligent” after unveiling plans to digitise operations using the Internet-of-Things (IoT), artificial intelligence (AI) and 5G.
More recently, COSCO SHIPPING Ports Limited (CSPX) announced the acquisition of majority stakes in Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co., Ltd. and Xiamen Ocean Gate Container Terminal Co., Ltd.