Brazil’s exports to China set to grow, diversify this year

4 January 2006

Sao Paulo, Brazil, Jan 4 – Exports from Brazil to China will rise in value by one-fifth this year with boosted Chinese purchases of vehicles and meat products, according to official estimates.

Paul Lui, head of the Brazil-China Chamber of Economic Development (CBCDE) told the Diario Comercio business daily that diversification of exports to China would be seen in vehicles, beef and poultry, fruit and traditional Brazilian foodstuffs.

Lui added that more needed to be done to achieve “greater opening” of markets for Brazilian beef and poultry in China. Brazil should also aim to create a “country brand” in China to promote its products, he said.

From January to November 2005, Brazil’s exports to China reached a value of US$ 6 billion to make the Asian nation the third-largest trading partner of Latin America’s biggest economy.

In the period in question almost a half of Brazil’s exports to China were of two products – soya beans and iron ore, according to official Brazilian figures. (macauhub)