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  • This 1892 diplomatic dispatch from Demetrio Cimatti, Portuguese Consul in Canton (Guangzhou), to the Minister of Foreign Affairs, provides a critical assessment of proposed tariff reforms concerning Macau’s commercial integration into the Portuguese imperial economy. The report examines three parliamentary initiatives—by Deputy Horta e Costa, Count de Castro, and Legislative Bill No. 84—advocating a 50% reduction in customs duties on goods originating in Macau when imported into Portugal and its territories. These measures aimed to stimulate local industry and strengthen Portuguese maritime trade, yet Cimatti raises substantial fiscal and strategic objections. He warns that the anticipated revenue loss could exceed 300 contos de reis annually, with limited economic return due to Macau’s constrained industrial base and minimal domestic production capacity. Historical precedent, such as the ineffective 1889 tax incentives for Macau tea exports, underscores his skepticism about the efficacy of such protectionist policies. Cimatti argues that the primary beneficiaries would be foreign merchants exploiting the preferential regime, rather than Portuguese producers or shippers. Moreover, he highlights the inability of Portuguese shipping lines to compete with established foreign carriers, undermining the goal of fostering national maritime commerce. The consul further cautions against incorporating reciprocal clauses in future trade agreements that might extend similar concessions to other colonies or foreign entities, potentially eroding metropolitan fiscal autonomy. Emphasizing Portugal’s broader financial constraints, he recommends targeted relief only for specific Macau industries proven capable of sustainable growth.

Last update from database: 10/29/25, 8:02 AM (UTC)

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