China Overcomes US and Becomes Brazil’s Number One Trade Partner

    Made in China

    Made in China Brazilian Ministry of Development, Industry and Foreign Trade’s just released final, revised report on Brazil’s international commerce in 2009 shows that in 2009, Brazil’s trade with the United States totaled US$ 35.9 billion (exports: $15.7 billion; imports: $20.2 billion).

    But, for the first time, trade with China was more: a total of US$ 36.1 billion (exports: US$ 20.2 billion; imports: US$ 15.9 billion). The difference was only $200 million, but that does not make it any less a historical moment.

    In other economic news, the president of the Central Bank, Henrique Meirelles, reports that Brazil has now met its inflation targets for the sixth consecutive year.

    He was able to make that affirmation after the government statistical bureau (IBGE) released its Broad Consumer Price Index (IPCA) for the year of 2009. The result was inflation of 4.31%. The government target was 4.5%.
     
    Meirelles said the real significance of having inflation under control was that it created a “foreseeable” economy where investments would increase naturally. He pointed out that average GDP growth over the past few years has been 5% (almost double recent growth, which, of course, was down due to the international financial crisis).
     
    Brazil’s Central Bank (Fed) president added that wage earners benefited from controlled inflation and the job market showed a vigorous variation of employment levels.

    Meirelles concluded by saying that Brazil begins the 21st century with international respect and the perspective of sustained growth over a long period that will be characterized by a substantial reduction in social inequality.

    BNDES Raises US $1 billion

    The Brazilian Development Bank (BNDES) has announced the conclusion of a US$ 1 billion bond offer on international markets The bonds mature in July 2020 and will have a yield of 5.634% per year.

    The BNDES says that is the lowest bond yield that a non-sovereign Brazilian emitter has been obligated to pay on 10-year bonds since the beginning of the international financial crisis in 2008.
     
    Along with that good news, according to the BNDES, demand for the papers was higher than supply, making the offer a complete success.

    ABr

    Tags:

    • Show Comments (1)

    • dnbaiacu

      China’s influence in the near future idealogically will be felt globally in ways FEW ARE EXPECTING……(?)

      Everything is coming together very quick.

      They were the first to arrive in Haiti;-) Very telling and symbolic move.
      Stay Tuned;-)

      [quote]“But there will be reports that will disturb him, out of the sunrising and out of the north, and he will certainly go forth in a great rage in order to annihilate and to devote many to destruction.
      Daniel 11:44[/quote]

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Oscar Niemeyer

    Brazil’s Capital Brasí­lia Reaches 50 with New Works by Niemeyer, Its Creator

    Oscar Niemeyer, Brazil's greatest living architect, at the tender age of 101 (no typo ...

    Brazil Intent on Ending Indians’ Malnutrition

    Brazil’s National Health Foundation (Funasa) and the Oswaldo Cruz Institute Foundation (Fiocruz) signed a ...

    They Produce 300,000 Balls a Month. No Wonder, Cambuci Is Brazil’s Biggest Ball Maker

    The greatest Brazilian ball manufacturer, Cambuci, owner of the brand of sporting articles Penalty, ...

    ‘Pardon Us for Slavery,’ Says Brazil’s Lula in Africa

    Brazilian President Luiz Inácio Lula da Silva asked Africans to forgive the suffering inflicted ...

    Coca-Cola in Brazil

    Brazil’s Thirst for Coke Grows 8%, 2% Over Global Average

    Brazilians are drinking more Coke. The sales volume of Coca-Cola Brazil increased by 8% ...

    Dollar influx

    Brazil Starts Changing Direction with a Greater Dollar Influx

    Brazil started the month registering greater inflow than outflow of dollars. According to figures ...

    Ilhí©us, Brazil, Immortalized by Jorge Amado, Gets Gol’s Daily Flight

    Gol, the Brazilian airline, had 297% growth in the number of passengers transported on ...

    A soldier from Brazil's National Security Force

    Pan American Games in Brazil Will Count on 7,800 Federal Troops

    Brazil's Ministry of Tourism is going to invest US$ 83.8 million in the Pan ...

    A Brazilian worker

    Brazil Gets Best Level of Jobs and Production in Three Years

    Production and employment in Brazilian industry reached, in the third quarter of 2007, the ...

    Brazil's IRS sign

    Brazil’s Revenue for the Year Rises 13% to US$ 355 Billion, a Record

    Brazilian government revenue for August, which includes federal taxes and contributions, reached 74.608 billion ...