Great Expectations for Chinese President Visit to Brazil

Closer ties between Brazil and China will be one of the results of the visit by the president of China, Hu Jintao, which begins tomorrow, November 11, and runs to November 23.

Expectations are that the visit will be positive for trade relations, says Fernando Ribeiro, the head economist at the Foreign Trade Study Center Foundation (Funcex).


Ribeiro goes on to say that in the short-term China is more of a potential market than a competitor because the two countries do not export similar products, except in textiles and footwear.


He calls China an exceptional market, pointing out that it has grown at an average of 9.2% per year.


The Ministry of Development reports that Brazilian exports to China this year rose 28.67%, while imports from China rose almost 74%.


That is exactly the opposite of what happened in 2003, when exports rose almost 80%, and imports from China were up 38%.


Ribeiro says that in the future the two countries could compete in many areas of foreign trade.


Minister of Development, Luiz Fernando Furlan, says that one of the main objectives of Brazil during the Hu Jintao visit is to obtain permission for access to the Chinese market for Brazilian meats.


The two countries signed animal sanitation agreements two years ago, explains the minister, but the Chinese still do not import Brazilian meats.


Agência Brasil
Translator: Allen Bennett

Tags:

  • Show Comments (0)

Your email address will not be published.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

The Muzzling of Brazil

Our four presidential candidates, with token differences, have the same ideology. All we have ...

Global Warming: Over One Million Expected at Live Earth Concert in Brazil

Live Earth disclosed today the line-up of popular music artists who will be performing ...

Brazil Proposes Bigger Fishing Fleet to WTO

Brazil will take to the World Trade Organization meeting, in Geneva, on the 13th, ...

Brazil’s Petrobras to End 2008 with Oil Trade Balance Surplus

Brazil's state-controlled gas and oil multinational Petrobras should end the year with an oil ...

After 9% Growth in 2007, Construction in Brazil to Expand 10% This Year

Brazil's civil construction sector grew 9% last year and should grow another 10% this ...

Brazil Reserves a France + Germany for Indians

The goal of Brazil’s National Indian Foundation (Funai) is to homologate 25 indigenous territories ...

Brazil’s Foreign Minister Starts African Business Tour

Celso Amorim, Brazil's Foreign minister, has started this Sunday, June 22, a tour of ...

Driven by Hope

It is the Landless Movement belief that the large landed estate (latifúndio) and the ...

Brazil Issues Bonds in Reais to Help Pay US$ 16 Billion in Debt

Brazil's National Treasury announced today, February 7, its third issue of treasury bonds in ...

Rio Hires New York’s Ex-Mayor to Make City Safer for Olympics

Former-mayor of New York, Rudolph Giuliani, said Thursday, December 3, in Brazil, that the ...