Brazil Wants Much More than Current 1% of China’s Pie

Brazil hopes to augment its trade with China to US$ 10 billion in 2005. The product diversification strategy adopted in recent years caused this trade to grow from US$ 1.5 billion in 2000 to US$ 7 billion through September of this year.

But this is still very little, considering that Brazil’s sales to China represent less than 1% of what the world’s fastest growing country imports.


“In the case of China, unlike what happened with Japan, Brazil has been able to export products containing high added value,” says the director of the Trade Promotion Department of the Brazilian Ministry of Foreign Relations, Ambassador Mário Vilalva.


Besides soybeans, which represent 29% of what the country sells to China, Brazil’s exports include steel, orange juice, auto parts, airplane parts, and lumber.


The effort to promote trade between Brazil and China encompasses an intensive program of visits, such as the one to Brazil this week by Chinese officials and entrepreneurs, six months after Brazil’s largest entrepreneurial mission of all time accompanied President Luiz Inácio Lula da Silva on his trip to China.


During the visit by Chinese President Hu Jintao to Brazil, from November 11-16, over 500 Brazilian and Chinese businessmen will be exchanging information and, possibly, concluding deals.


Tomorrow, November 12, in Brasí­lia, they will participate in the seminar, “Brazil-China: Victories and Challenges in the Construction of a Strategic Partnership.”


From October 29 to November 7, the Chinese enjoyed the opportunity to taste typical Brazilian culinary specialties at the Brazilian Gastronomical Festival.


Those who liked what they tasted received recipes in Mandarin. Between October 8 and November 10, thanks to a contract with the Sugar, Cigarette & Wine Group, China’s second largest wholesale outfit, Brazil distributed 800 items, produced by 58 companies, to 1,156 Chinese supermarkets and shops.


Agência Brasil
Translator: David Silberstein

Tags:

You May Also Like

Industry Leaders Join Church to Pan Brazil’s Economic Policies

The Industrial Federation of São Paulo (Federação das Indústrias do Estado de São Paulo) ...

Brazil’s Arab Summit: Plenty of Reproach to US and Israel

The BrasÀ­lia Declaration, a result of the first Summit of South American – Arab ...

Brazil Earmarks US$ 367 Million for Research and Development

The Brazilian Ministry of Science and Technology reports that it is issuing 45 contracts ...

Opposition Will Sue Brazil’s Lula for Spending Without an Approved Budget

The leader of the Brazilian opposition party PSDB in the Senate, Arthur VirgÀ­lio (Amazonas ...

Brasileirinho: US Gets a Whiff of Brazilian Choro

"The Sound of Rio," a 90-minute musical documentary film on choro, the first genuinely ...

Brazil Sends List of 5,000 Typical Products to Patent Offices in the US and EU

Five thousand products of the Brazilian biodiversity, such as the imbu, hog plum, cupuaçu ...

Brazil Reduces Ethanol in Gasoline in Effort to Curb Prices

In Brazil, starting this February 1st, the mandatory percentage of ethanol added to gasoline ...

Greece Is Today What Brazil Used to Be, Says Central Bank Chief

Henrique Meirelles, the president of Brazil’s Central Bank, says the present crisis in Greece ...

Ahmadinejad Says Brazil and Iran Should Work Together for a More Just World

Brazilian president Luiz Inácio Lula da Silva sent his Foreign minister to Turkey, Rússia ...

Chí¡vez Says in Brazil His Socialism Will Help All of South America

Venezuelan President Hugo Chávez said this Thursday, Janeiro 18, in Rio de Janeiro, during ...