Beijing, China, 26 June – The Brazilian Association of Machinery and Equipment Industry (Abimaq) has opened an office in the Chinese capital with the aim of seeking partnerships to boost business between the two countries, the association’s president, Newton de Mello, has announced.
According to Abimaq, Brazilian exports of machinery and equipment to China last year were worth around US$ 225 million, representing less than 0.5 percent of China’s total global imports in this sector that were valued at US$ 53 billion.
Brazilian imports of machinery from China in the same period were worth US$ 270 million, from China’s total of US$ 36 billion worldwide sales in the sector during 2005.
“We are not making use of the enormous opportunities that the Chinese market offers”, noted the Abimaq head.
A study commissioned by Abimaq revealed that opportunities for Brazilian equipment manufacturers are mainly in the sectors of agricultural machinery. Also to be taken into account are China’s increasing need to mechanize its sectors of food production, mining and steelworks, sanitation and footwear, of which it is one of the world’s biggest producers, notes Abimaq.
Abimaq also studied the manufacture of finished products in Asia for sale in Brazil and the export and development of research in China, where scientists’ salaries are one-tenth of those in more developed nations and with skills finely tuned to the needs of the Chinese market.
The Beijing office, which opened last week, will also offer Abimaq members information on local markets, as well as guidance and advice on business opportunities. (macauhub)