Brazil and Chile to Cooperate in Science, Biofuel and Education

Presidents Lula and Bachelet Brazilian President, Luiz Inácio Lula da Silva, and Chilean President, Michelle Bachelet, are going to sign today memorandums of understanding in the areas of science and technology, social security, biofuels, education and tourism. The signing is scheduled to take place at La Moneda Palace, in Santiago, Chile's capital, soon after a meeting between the two heads of states and advisors.

At the meeting, the texts of the memorandums will be defined as will some points of future cooperation agreements between companies in both countries, like oil companies Petrobras and Enap and aircraft maker Embraer and Enaer (a Chilean state-owned company in the aeronautics sector).

At the end of the day both heads of state will head to CasaPiedra Convention Center, where they will give a talk at the Brazil-Chile Business Meeting. After that, president Lula is scheduled to participate in the closing of the World Economic Forum on Latin America.

Promoted by the World Economic Forum and the government of Chile, the meeting began yesterday, April 25, and brings together 400 business leaders from 28 countries who are discussing The Power of a Positive Regional Agenda.

Chile's Importance

Chile ranks among the ten major trade partners of Brazil. It is the seventh largest destination for Brazilian exports, and the eight largest imports source.

From 2002 to 2006, the trade flow between the two countries more than tripled, rising from US$ 2.1 billion to US$ 6.8 billion – always with a positive trade balance in favor of Brazil.

During the same period, Brazilian exports went up from US$ 1.46 billion to US$ 3.89 billion, a 266% increase. Imports saw an even greater increase: from US$ 648 million to US$ 2.9 billion (447%).

Industrialized, manufactured and semi-manufactured goods answer to 70% of the Brazilian export basket to Chile. In 2006, the main items exported were raw petroleum (29.35%) and cellular telephones (4.45%).

Automobile bodies, automobiles, chassis and tractors also accounted for a significant share – together, they answered to 14.8% of exports.

The most imported commodities by Brazil were products derived from copper, the main export item of Chile: 68.94%. The country also imports salmon (2.02%), wine (1.26%) and newsprint paper (0.76%).

ABr

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Your email address will not be published.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

‘Healthy Brazil’ Fights Overweight, a Problem with 40% of Brazilians

Brazil’s federal government launched last week the Healthy Brazil project, aimed at encouraging Brazilians ...

Brazil Among World’s Cheapest Places to Live In

In spite of the recent valorization of the real compared to the dollar, São ...

Weak Dollar Hurting Brazil’s Small Businesses

Brazil’s Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, says that although ...

LETTERS

California and Israel have been used as inspiration for several irrigation plans in the ...

RAPIDINHAS

IBAMA, the Brazilian Environmental Protection Agency is promoting what they call "sustainable industrial logging" ...

12 Million Brazilians Still Have No Electricity at Home

In less than a year, the Light for All program is expected to benefit ...

Brazil’s Gol Flies 6 Million and Gets US$ 27 Million Profit in 3rd Quarter

Brazilian airline Gol announced preliminary unaudited financial results for the third quarter of 2008. ...

American Hughes Brings Satellite Broadband to 800 Schools in Brazil

U.S.-based Hughes Network Systems announced that it has started the rollout of it HughesNet ...

Construction Works in Brazil Up 13% to US$ 328 Billion

The investment in Brazil on construction works was US$ 328 billion last year, according ...

Brazil Uses Internet to Monitor Environment Projects Across the Nation

Brazil’s Ministry of Environment has just launched the Agenda 21 System, a technological tool ...