Brazil Focus on South-South Trade Relations

The diversification of trade relations, especially with developing countries, favors a new foreign policy posture on Brazil’s part. This is the view of the Brazilian Minister of Foreign Relations, Celso Amorim, who commented that 50% of Brazil’s trade is currently with developing countries.

According to the Chancellor, the goal is not to substitute trade with the developed countries.


“To the contrary, we want trade with the developed countries to grow even more,” he explained in an interview with Radiobrás, Brazil’s state radio.


Amorim has just completed a trip to five African countries.


During the Brazilian mission’s visit, the President of Senegal, Wade Aboulaye, spoke about world trade relations.


For Aboulaye, trade among countries of the North is very intense, trade between the North and the South is less important, and trade among countries of the South is practically non-existent.


When asked to comment on the Senegalese president’s observation, Amorim responded that Brazil has reversed this logic.


“Brazil’s case is not like that. Nearly 50% of our trade is with developing countries.”


This figure, Amorim explained, does not mean replacing the markets of developed countries, in which Brazil is also interested.


“We have considerable interest in the European Union and the American market, so long as negotiations are balanced.”


Amorim views Africa as a “world to be discovered.” Currently, Brazil’s trade with the African continent amounts to around US$ 6 billion, corresponding to a 45% increase in commercial relations in recent years. “This trade is large, important, and diversified.”


In the economic sphere, Amorim emphasized the fruitful contacts that Brazilian entrepreneurs who participated in the mission made with African entrepreneurs.


According to the Minister, Brazil demonstrated its export potential in the areas of shipbuilding, port administration, aeronautics, machinery, dental equipment, and construction, among others.


The intention is to increase trade relations with the countries that were visited.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

Gun Kills 42,000 Brazilians a Year, One Every 12 Minutes, 24/7

The number of gun-related deaths in Brazil was 42,416 in 2012, an equivalent to ...

Brazilian Designer Adds a Little Daring and Color to Sell Wallets Overseas

Dafna Edery, a designer from Brazil, had many ideas in her head and, four ...

Brazil and Argentina Warn US Cuba Can’t Be Excluded from Americas Summit Anymore

Brazil and Argentina have decided: the upcoming April Summit of the Americas in Colombia ...

Lula Eats Chicken in Public and Says Brazilians Have no Reason to Fear Bird Flu

In his weekly radio broadcast to the nation Café com o Presidente, Brazilian President ...

Brazilian Indians Ask Protective Spirits to Receive Bishop Dom Luciano

Thousands of people have flocked to the historical city of Mariana, in the southeastern ...

In London, Lula Stresses Brazil’s Leading Role in Renewable Fuel

In his speech, Tuesday, March 7, during a state dinner offered by Queen Elizabeth ...

Despite Crisis, Brazil’s Auto Industry Should Grow 5% This Year

Expanding domestic consumption of vehicles as a priority in a long-term industrial policy for ...

Steep Fall in Commodity Prices Sends Brazilian Stocks Deep into Red

Brazilian stocks  plunged alongside a broader tumble amid emerging markets, as investors  continue to ...

Brazil Expecting a 2005 Record Surplus of Over US$ 42 Billion

Brazil exported US$ 2.221 billion last week, 15.06% less than in the previous week, ...