Governor of Guangdong signs cooperation agreement with Brazilian state of Sao Paulo

31 August 2007

Sao Paulo, Brazil, 31 Aug – The governor of the Brazilian state of Sao Paulo, José Serra, has signed an agreement with the governor of China’s Guangdong province to boost bilateral economic relations.

The agreement, which was made public Thursday, covers issues such as Sao Paulo’s ethanol production technologies, the possibility of Chinese groups investing in three Brazilian companies headquartered in Sao Paulo and Brazilian businesspeople taking part in the fairs held in the Chinese province.

José Roberto de Andrade Filho, the state government advisor for international relations, said that Sao Paulo had made itself available to provide Guangdong with information bout ethanol technology.

Andrade Filho noted that Sao Paulo was Brazil’s largest producer of ethanol, and accounted for 72.4 percent of Brazilian exports of the product.

“Guangdong is the headquarters of the high technology companies with the greatest growth in the world. In the last 12 months Guangdong companies have grown 25 percent,” the advisor said.

At the meeting, governor Huang Huahua noted that Guangdong province was China’s largest investor in Brazil, particularly by companies such as the air conditioning equipment manufacturer Gree and telecommunications equipment companies such as Huawei and ZTE.

Guangdong province has 91 million inhabitants and in 2006 its gross domestic product (GDP) totaled US$330 billion.

Locate din southern China, Guangdong province is contiguous with Macau and Hong Kong, the two special administrative regions (SARs) of China, and is one of the most developed areas of China and is responsible for around a third of the country’s entire trade.

The Brazilian state of Sao Paulo is the most industrialized in Brazil and accounts for around half of national production. (macauhub)