Brazilian and Chinese IT companies sign cooperation agreement

23 March 2006

Shanghai, China, 23 March – Brazilian information technology (IT) company Politec and China’s Neusoft signed an agreement Wednesday in Shanghai for the Brazilian company’s expansion into China, at a ceremony attended by Brazilian vice-president José Alencar.

The agreement outlines the two companies working together to create several maintenance centers in China for computer programs, the main customers of which will be the Chinese government and private agents.

Politec is the largest Brazilian IT services company and Neusoft is market leader in outsourcing for the segment in China, and has been listed on the Chinese stock exchange since 1996.

Signing the document marked the third day of a six-day official visit by Brazil’s vice-president to China. José Alencar arrived in Shanghai Sunday.

In Beijing, on March 24 no the first meeting of COSBAN, the political structure that coordinates bilateral relations between China and Brazil, is due to take place. the body was set up by the two countries on May 24 2004 when Brazilian president, Luís Inácio Lula da Silva visited China.

COSBAN, which every two years is charged with promoting contacts between high-ranking representatives of the two countries, with the aim of boosting bilateral relations, will be attended on the Brazilian side by Vice-President José Alencar and, on the Chinese side, by Deputy Prime Minister Wu Yi.

Brazil is China’s largest trade partner in Latin America and in 2005 trade between the two countries hit a record 12.16 billion euros, according to Chinese official figures. (macauhub)