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:

Ads

You May Also Like

Brazil’s Lula Goes to Davos in Search of Investors

The Brazilian government estimates that at least US$ 3.3 billion may be invested by ...

Brazil’s Ruling Party Diverted US$ 4.5 Million from Bank of Brazil and Lula Is in Danger

Brazilian opposition leaders announced that President Luiz Inácio Lula da Silva will be included ...

Three Bites of Brazil

Get a glimpse of three northeastern cities: Fortaleza, Natal and Olinda. Beyond the celebrated ...

Brazil Breaks Ring of Young Hackers Who Stole Over US$ 4.6 Million from Banks

Brazilian Federal Police arrested this Tuesday, February 14, in seven states in Brazil (São ...

Stage Struck II

By Brazzil Magazine Continued from our last issue MILESTONES OF BRAZILIAN THEATER IN THE ...

Minimum Mandatory Schooling in Brazil Rises to 9 Years

Brazilian President Luiz Inácio Lula da Silva will sign into law a bill raising ...

Brazil: After Tragedy Angra to Demolish 500 Houses in Areas of Risk

Brazilian authorities in Angra dos Reis have already demolished about 30 homes at Morro ...

Canada to Teach How to Protect Brazilians Threatened by Death

Brazil’s Minister Nilmário Miranda, in charge of the Special Secretariat for Human Rights, announced ...

In Brazil, Where 70% of Computers Are Pirated, Piracy Is the Rule

It is estimated that out of every 100 computers in use in Brazil, 70 ...

Brazil Becomes Argentina’s Top Foreign Investor

According to a study on the internationalization of Brazilian companies in Argentina, Brazil has ...