Portugal–US Economic Development ·
Trade & Investment · Cultural Exchange

Events & Notices

  1. Wednesday, 6 May

    European American Chamber of Commerce Spring 2015 Network Event

    Wednesday, May 6, 2015, 6:00 - 9:00 pm
    Central Park Boathouse, 
    72nd St. & Park Drive
    Join us for an evening of networking, hors d’oeuvres, cocktail buffet stations, and wine and beer.

Tuesday, 28 April

Expresso

  • IGCP prepara emissão da dívida a 10 e 30 anos

    A operação vai ser realizada por um sindicato bancário composto por seis instituições financeiras, entre as quais estão o Novo Banco e o HSBC, segundo avança a agência noticiosa Bloomberg.
  • Sucesso dos iPhones na China ajuda a recorde de receitas da Apple

    Sessenta e um milhões de iPhones vendidos no primeiro trimestre do ano - com números que beneficiam do sucesso que o smartphone conheceu durante o Ano Novo chinês em fevereiro - ajudaram a Apple a obter um resultado total de faturação de 53 mil milhões de euros nesse período.
  • Nokia nega regresso à produção de smartphones

    Em tempos foi a grande empresa de telemóveis a nível mundial, mas entretanto abandonou a atividade e diz que não pretende voltar a produzir smartphones.
  • Saiba como pode comprar a felicidade

    A máxima "o dinheiro não traz felicidade" parece não ser totalmente verdade. Quem o diz é Yishan Wong, fundador e CEO da rede social Reddit, que acredita que "o dinheiro pode comprar a felicidade".
  • Trabalhadores da TAP em marcha contra greve dos pilotos

    A marcha silenciosa, marcada para as 12h00 de amanhã, far-se-á a partir da portaria da sede da companhia e termina com uma concentração junto ao terminal dos tripulantes, com passagem pelas chegadas e partidas do aeroporto da Portela.
  • Mineira portuguesa entra no programa Elite da bolsa de Londres

    A empresa Almina integra, a partir de hoje, o programa Elite, que visa a melhoria das práticas de gestão e o contacto com a comunidade de investidores internacionais.

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Jornal de Negocios

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The Economist

  • Super-connecting the world

    THE Gulf states have been on the radar of the world’s airlines since the 1930s. Then Dubai, a pearl-fishing port, served as a stopover for the flying boats of Imperial Airways (a forerunner of BA) on routes connecting London to distant colonial outposts. BA still serves Dubai but most of the tail fins at its vast main airport, which recently overtook London’s Heathrow as the world’s busiest for international traffic, carry the logo of Emirates, the small state’s own network airline. The balance of power among the world’s carriers has shifted.

    A decade ago Emirates, Qatar Airways and Etihad Airways, based in Abu Dhabi, were insignificant. But these three “super-connectors”, in recent years joined by Turkish Airlines, increasingly dominate long-haul routes between Europe and Asia. Whereas most other international airlines rely heavily on travellers to or from their home countries, the super-connectors’ passengers mostly just change planes at the carriers’ hub airports on their way to somewhere else. Last year the four carriers flew about 115m people into and out of their hubs in the Gulf or Istanbul, compared with 50m in 2008. Their combined fleet has...

  • Not quite what we said

    IN 1961 A.J.P. Taylor suffered a caustic book review at the hands of Hugh Trevor-Roper, another British historian. The book put Taylor’s standing as a serious academic in peril, said his reviewer. Taylor responded with an article: “How to quote: exercises for beginners”. In it he juxtaposed quotations from his book alongside passages from the review. They were somewhat at odds. Trevor-Roper’s methods of quotation might harm his reputation for seriousness, concluded Taylor, “if he had one”.

    Half a century later, the seriousness of the Telecom Regulatory Authority of India (TRAI) has been questioned in a Taylor-style takedown by SaveTheInternet.in. The group, which lobbies for net neutrality (the equal treatment of all internet traffic), has analysed a text box in a recent TRAI discussion paper, which the agency attributed to The Economist. Compared with the two original articles on which the box was based, in our January 31st 2015 issue, the campaigners found that arguments against strict net neutrality had been inserted while arguments for it had been removed or tweaked. For instance, “net neutrality is under threat” became: “net neutrality is difficult to sustain”. Robert Ravi of TRAI denies any deception. The text does not purport to be verbatim, he says. And the tweaks? “I don’t find there is a great difference between ‘difficult to sustain...

  • The coming crash

    “THIS is one of the most advanced and sustainable car factories in the world.” So declares Karsten Engel, chief executive of BMW China, as he greets visitors to his firm’s newish manufacturing facility in the grim north-eastern city of Shenyang. The plant, run by a joint venture with a local firm called Brilliance, is indeed spotless and efficient, with robots and humans together producing nearly 40 cars each hour. China is the largest market in the world for the firm’s big 5 Series and 7 Series models, and source of perhaps half of its global profits in recent years. Unsurprising, then, that the firm is hoping to double the number of models built locally.

    The bosses of many big foreign car firms were in China this week for the Shanghai Auto Show, and they too offered a pretty rosy view of the Middle Kingdom. China has overtaken America as the world’s largest car market, and it has contributed between a third and a half of the global profits of many big automobile manufacturers in recent years. Like BMW, other foreign firms are also betting heavily that the good times will continue by expanding production capacity in the joint...

  • Twilight of the gurus

    IT IS customary nowadays for management gurus to preach that competition is fiercer than ever. Rita McGrath of Columbia Business School talks about “the end of competitive advantage”. Richard D’Aveni of the Tuck School of Business refers to “hypercompetition”. Ram Charan, a consultant and writer on management, lauds “The Attacker’s Advantage”.

    Yet the management-guru industry itself seems remarkably stable. Competitive advantage is strikingly enduring, competition is far from “hyper” and the defender has the upper hand. The latest two “Thinkers50” rankings of the world’s leading management pundits, published in 2011 and 2013, show no change at the top, with Clay Christensen of Harvard Business School and the duo of Chan Kim and Renée Mauborgne of INSEAD ranking first and second respectively. Two of the most prominent business books of the past few months have been retreads rather than new publications with new ideas: the tenth-anniversary edition of Mr Kim’s and Ms Mauborgne’s “Blue Ocean Strategy” and the 20th-anniversary edition of Don Tapscott’s “The Digital Economy”. It is a far cry from the glory years of the 1980s and 1990s, when “In Search of...

  • Deep under water

    KNOWING the worst can help with a recovery. But it is no guarantee. Petrobras issued its much-delayed results on April 22nd, after accountants had scoured its books to find details of many years of scams and kickbacks, which are part of Brazil’s biggest corruption scandal. The state-controlled oil company said that graft had cost it 6.2 billion reais ($2.1 billion). Other charges included a bigger-than-expected write-down of 44.6 billion reais, mainly on a flagship petrochemical complex and a big refinery. The net loss was 21.6 billion reais in 2014, against a 23.6 billion reais profit the year before.

    Cleaning up Petrobras (and Brazil’s political system) is a long-term job. In the short term the company is focused on survival, with production sinking, oil prices low, cash scarce, and a hefty bill looming to develop its prized assets: the “pre-salt” oilfields that lie deep below the country’s offshore waters.

    Publishing audited results was vital. Creditors could have demanded early repayment of $54 billion of debt if the company had missed a deadline of April 30th. The previous management’s borrowing binge left...

  • Margrethe and the bear

    GAZPROM revelled in its untouchability. It was the main supplier of imported gas to the European Union, benefiting both from close Kremlin patronage (the Russian state is its largest shareholder) and from a web of business and political relationships in countries it sold gas to, notably Germany. Alternatives to Russian gas were scant, as was customers’ willingness to resist Gazprom’s dominance.  

    Now the EU is taking on the Russian gas beast. The first blow fell on April 22nd when the EU’s competition commissioner, Margrethe Vestager, sent the company a long-expected “statement of objections” (Euro-parlance for a charge-sheet) alleging market abuses. The unpublished document runs to hundreds of pages. They detail the murky world of Russian gas exports, featuring lucrative intermediary companies with unknown beneficial ownership, deals struck by politicians not businessmen, and a hefty dose of geopolitical favouritism.

    The EU claims Gazprom is “pursuing an overall strategy to partition central and eastern European gas markets.” It curbs customers’ ability to resell gas, which allows it to charge “unfair prices” in five...

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Financial Times — Europe

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Portugal-US Chamber of Commerce - slideshow image

IV Annual Meeting of Portuguese Bilateral Chambers, NYC 27-28 April 2015

The Portugal-US Chamber of Commerce is thrilled to be receiving colleagues from Portuguese Bilateral Chambers from Asia, Latin America, Africa, and Europe in New York on 27-28 April 2015, for the IV Annual Meeting of Portuguese Bilateral Chambers organized by CIEP Portugal. The working meeting will include discussions about common goals and concerns, and how best to advocate for and make widely known the work of the Chambers. Please check back for additional information about the meeting.

Posted on 22 Apr 2015
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Pan-European Days at the New York Stock Exchange, May 2014

Chamber board member Ricardo Caliço attended the event on behalf of the Chamber and reports back that the three-day conference was aimed at showcasing investment opportunities in Europe. This year, the program included the European Economic Forum at the New York Stock Exchange, featuring representatives from European Union, chief economists from major financial institutions, and other high-level thought-leaders to discuss the latest developments in the major European economies. The Program also included an investor conference at the Waldorf Astoria hotel organized by, ING, KBC Securities, Millennium BCP/Auerbach Grayson and Societe General. The investor conference provided opportunities for Euronext-listed companies from Portugal, Belgium, France, and Netherlands to meet privately with North America based institutional investors. The 13 Portuguese companies presented in the event were: BES, BPI, CTT, EDP, EDPR, Espirito Santo Saude, Galp, Impresa, Jerónimo Martins, Millennium BCP, Mota Engil, REN and Zon. The Portuguese Government was represented by Isabel Castelo Branco, Secretary of State of Treasury, and by the Treasury and Debt Management Agency. See more details here.

Posted on 2 Jun 2014
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Portuguese Artist Julião Sarmento to Exhibit in New York City

The Sean Kelly Gallery will host an exhibition by Portuguese artist Julião Sarmento, from March 28 - May 3, 2014. Further details can be found here.

Posted on 21 Mar 2014
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Chamber Attends Workshop on the New York Nonprofit Revitalization Act of 2013

New York State’s laws governing charitable and other nonprofit organizations date from the 1960s. The New York State Attorney General’s Office has undertaken revisions in the form of the New York Nonprofit Revitalization Act of 2013. The changes have two main purposes: reducing burdens on nonprofits through the modernization of statutory requirements; and increasing public trust in the nonprofit sector by strengthening board governance and enhancing Attorney General enforcement powers. Most provisions will take effect effective July 1, 2014. As a 501c4 nonprofit corporation, the Portugal-US Chamber of Commerce will also need to adhere to new regulations. More information about the Revitalization Act of 2013 can be found here.

Posted on 6 Mar 2014
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Vista Alegre Exhibits at the 2014 San Francisco International Gift Fair

Visit Vista Alegre’s booth at the San Francisco International Gift Fair, 15-18 February 2014. More information about the Fair can be found here.

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Posted on 17 Feb 2014
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Our Organization

The Portugal–US Chamber of Commerce in New York was founded in 1979 to stimulate economic development, trade and investment, and cultural exchange between the United States and Portugal. As a member of the Association of Portuguese-American Chambers of Commerce (APACC), it works closely with its counterparts in Portugal, Canada, and across the United States to promote shared interests in Portugal and expose the vast economic opportunities of the country. The Chamber provides its members ongoing opportunities to network with individuals also engaged in Portugal-US affairs as well as numerous channels by which they can obtain essential bilateral support and information.

Membership Benefits

Membership in the Chamber is open to all individuals who are interested in building a strong economic partnership between Portugal and the United States. Current members range from small businesses to large corporations in the fields of banking and finance, construction, communications, education, import/export, law, and transportation, to name a few.

Membership benefits include:

  • Frequent Chamber events that promote networking and foster strong community ties
  • Access to prominent business and government leaders
  • Alerts of noteworthy cultural and social events in New York City
  • Business luncheons and seminars to expose members to exciting new economic opportunities
  • Access to online resources and members-only directory