Brazil: Rio Grande do Norte state wants to attract Chinese companies

14 May 2008

Sao Paulo, Brazil, 14 May – Companies from the Chinese province of Guangdong may set up in the Brazilian state of Rio Grande do Norte (northeast Brazil), the state secretary for economic development, Marcelo Rosado, told Macauhub Tuesday.

Saying that the two territories had started a process of bilateral economic cooperation, Rosado also told Macauhub that the visit by Brazilian representatives in April, during the Guangzhou fair, had made Brazil and China even closer.

“All the iron ore produced in Rio Grande do Norte is exported to China. As well as this, we have projects to encourage Chinese companies to set up in the state,” he said.

During the visit, Rosados presented the plan for the Export Processing Are (ZPE) of Rio Grande do Norte to the deputy director of the Foreign Trade and Economic cooperation Ministry of Guangdong Province, Liang Guinxuan.

“The Processing Area has already been approved and is now being implemented. The project will also include a new airport, for which we have the support of the Federal Government,” he explained.

According to Rosado, “the government of the Chinese province was very receptive to the proposals put forward,” and a trip by Chinese representatives to the Brazilian regions has been scheduled for before the end of the year.

In order to encourage new investments, the state of Rio Grande do Norte offers tax incentives to Chinese companies setting up in Brazil, as well as a commitment that only 30 percent of production will be consumed by the domestic market.

“We want to attract high technology companies, such as manufacturers of solar panels, granite processors, health and information technology equipment,” he said. (macauhub)