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Already Brazil’s Third Largest Trade Partner, China Wants More

The Chinese government hopes that trade between Brazil and China will reach US$ 20 billion in 2007, 65% more than the US$ 12.18 billion registered in 2005.

This forecast was made by the Chinese Deputy Minister of Communications, Qian Xiaoqian. Through February of this year, trade between the two countries stood at US$ 1.8 billion.

"Our trade relations are very important to both countries, and there is still great potential for developing this relationship. Given the size of our countries, bilateral trade is still small," the Chinese minister declared, in Brazilian capital Brasí­lia.

Xiaoqian is in Brazil to become acquainted with the vehicles of communication and seek partnerships with Brazilian media. The Asian giant, according to the deputy minister, has 1,900 newspapers, 9,500 magazines, over 2,000 television channels, another 2,000 thousand radio stations, and more than 700 thousand Internet portals.

"The Chinese population is increasingly interested in the world and in Brazil, which is one of the world’s most important countries," he pointed out. "To my satisfaction, I also perceive a great interest in China on the part of the Brazilian media."

At present, despite a trade balance that favors Brazil, some Brazilian industrial sectors claim they are being harmed by competition from Chinese products.

This is the case of manufacturers of shoes, toys, electro-electronic goods, eyeglasses, and machinery to produce plastic items. Except for the textile sector, the Chinese have always demonstrated adamant opposition to any type of agreement.

Notwithstanding the Chinese resistance, Xiaoqian assured that the Chinese government is willing to search for solutions. "It is natural for problems to arise in any commercial relationship," he affirmed. "We shall try to resolve this on the basis of mutual interest," he said.

According to Xiaoqian, the visit by Brazil’s Vice President, José Alencar, to China "is a big stimulus to bilateral relations, especially economic and commercial ones." Alencar will be in China until this Saturday, March 25. He has been there on official business since March 20.

Comparing to the 70s

Brazil and China began a closer diplomatic relationship in 1974 and, since then, have kept friendly and cooperative relationships. At that time, trade between the two countries reached approximately US$ 17 million, according to data from Chinese customs agency.

In 1993, during the administration of Brazilian President Itamar Franco, the two countries established a strategic partnership, which brought them closer and fostered bilateral commerce. In the 90s, business between Brazil and China surpassed US$ 2 billion.

Trade exchange got a new impulse in 2000, jumping from US$ 2.3 billion that year to US$ 12.18 billion in 2005. Importation of Chinese products went from US$ 1.22 billion in 2000, to US$ 5.35 billion in 2005.

Brazilian exports to that country increased even more – from US$ 1.08 billion to US$ 6.83 billion. China became the third major destination of Brazilian products, following the United States and Argentina.

And Brazil went from a US$ 135.20 million deficit to a US$ 1.48 billion trade surplus with the Asian giant – a result the Chinese government wants to reverse.

Agência Brasil

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  • Guest

    Thanks
    I already wrote another post attacking his argumets in another article

  • Guest

    continue
    and comes to the sad realization that the degree of his stupidity also transcends borders…his knowledge is fake and shallow and limited at it’s best…a thru ignoramus, biped by a chance of nature…probably from the bible belt region of the US… but here is one thing about “THE IDIOT”that we all must reconize…his ability to distort information beyond the realm of any reasonable man!!! So my friend that wrote “LET ME GUESS” if you see or hear from “THE IDIOT” tell him that I’m a BRAZILIAN practicing arquitect that lives in the US and have two US patents to his name… PATRIA AMADA BRASIL!!!

  • Guest

    to the person that wrote\”LET ME GUESS\”
    Thank you for your observations concerning this stupid idiot. If you check all the other comments everyone refers to him as “THE IDIOT”… It becomes very apparent his limitations on just about any topic concerning brazilian history and it’s macroeconomics policies, obvious, reading and comprehension is not his strogest points…you know how it is…probably a high school dro out and underachiever in his own country, decides to try his luck in Brazil thinking that he will be successful by bullshiting his way through…(continue)

  • Guest

    Let Me Guess……
    This person who is writing negative posts about Brazil the whole time is the one who invests in Argentina. This stupid guy does keep repeating the same arguments over and over again.

    A few weeks ago we started a debate. At a certain point he stopped to answer my posts. (I think he realized for a moment how stupid he was acting).

    Unfortunately he started now to spout the same ridiculous arguments as before: Corrupt Brazilians, no investments in education, Brazil the medieval country, etc, etc, etc….

    It is all true. But when I started to discuss the changes that are occurring in Brazil he suddenly had nothing to say, but lies. I showed him (by means of several internet sites) that he is a lying bastard.

    He got married to a Brazilian woman (who is supposed to be beautiful) and is living in Argentina!!! I think she was working in the prostitution, i.e., it is impossible for a normal Brazilian woman to hear/accept her husband spout such moronic shit every day about her country and at the same time live in Argentina.

    If my guess is right (about this American investor in Argentina), please be a man and answer my last post, i.e., stating new ideas and at the same time providing your sources, just like I did!!!! COWARD!!!!

  • Guest

    It seems to me you need to take that (brazilian) stick you have up yours before you post again.

  • Guest

    Brazilian point of view….
    …in Chinese textile exports RESTRICTION to Brazil, is that BECAUSE it represents 1 % (YES 1%) of Brazilian textile industry, IT IS A THREAT to their own industry !!!!!!!!

    Strange and shameful !
    In fact the developed countries should do the same as Brazil does : WHEN BRAZILIAN AGRICULTURE EXPORTS ARE WORTH 1 % of the EU AGRICULTURE INDUSTRY, we should restrict YOUR EXPORT TO US !
    BUT OBVIOUSLY THAT IS NOT WHAT BRAZIL HAS IN MIND WHEN THEY TALK OF INCREASING THE TRADE WITH CHINA, THE EU OR WHATEVER COUNTRY !
    THE ONLY THING THEY HAVE IN MIND IS : E X P O R T M O R E A N D P U T M O R E R E S T R I C T I O N S O N A L L I M P O R T S !

    Simple.

    BUT BRAZIL IS SIMPLY NOT COMPETITIVE IN MANUFACTURED GOODS INTERNATIONALY.

    BRAZIL IS COMPETITIVE ONLY IN AGRICULTURE AND BASICS COMMODITIES BECAUSE THEY HAVE THE ARABLE LANDS AND THE ORES IN THEIR GROUND !

    Nothing more !

    Brazil can forget to compete with Chinese manufactured goods !
    China will continue to buy your soy, meat, iron ore and cotton, and resell to you the shirts made with your cotton, machinery made with your iron ore.

    In Value Added Products you are worth nothing.
    YOU DID NOT INVEST IN EDUCATION, IN INFRASTRUCTURE, IN TECHNOLOGY.
    YOU HAVE ARCHAIC LAWS FOR BUSINESSES. An average of more than 8 months is needed to set up a firm in your country.
    Your workers social costs to employers is around 1 time their salaries.
    Your government civil servants pensions eats up the most of all developed, developing and undeveloped countries.
    Brazil has what they call themselves : the Custo Brazil !!!!!!
    Bureaucracy is medieval, control everything and full of red tape and corruption that just add to the costs mentionned above.

    That is why you are reluctant and unwilling to reciprocate on manufactured goods and financial services openings at the WTO and just wish that the developed nations reduce their agriculture subsidises, despite your country not subsidises only your agriculture but ALL your exports industries.

    At the end you will loose everywhere !

  • Guest

    quote:

    “At present, despite a trade balance that favors Brazil, some Brazilian industrial sectors claim they are being harmed by competition from Chinese products.”

    quote:
    “And Brazil went from a US$ 135.20 million deficit to a US$ 1.48 billion trade surplus with the Asian giant – a result the Chinese government wants to reverse.”

    Just wait, if brazil continues to align themselves with China and give them a “preferred” status as a trading partner, in another 10-15 years brazil will be BEGGING the U.S. for help!! Once they get in with the chinese and discover it’s a pit of quicksand, and the only way out will reslut in economic sanctions or WORSE by the Chinese, they’ll look to ole Uncle Sammy, as is the norm.

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