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The State Council and the Ministry of Foreign Affairs handle diplomatic matters, but Macau retains the capability to retain separate financial and cultural relations with foreign nations. The territory negotiates its own trade agreements and actively participates in supranational organisations, such as agencies of the World Trade Organization and United Nations. The regional government maintains trade offices in Greater China and other nations. Following the 1974 Carnation Revolution, Portugal formally relinquished Macau as an overseas province and acknowledged it as a "Chinese territory beneath Portuguese administration".
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