Brazil: Brazilian and Taiwanese businesspeople assess business opportunities

2 September 2008

Sao Paulo, Brazil, 2 Sept – Around 100 businesspeople Monday in Sao Paulo took part the 8th joint meeting of the Brazil-Taiwan Business Commission where business, investment, partnership and technology opportunities were assessed.

Organised by the Brazilian National Confederation for Industry (CNI), the Federation of Industries of the State of Sao Paulo (FIESP) and the Chinese Association for International Economic Cooperation, the meeting discussed matters such as information and communication technology, the plastics and machinery industry and renewable energy.

Over the last 10 years, bilateral trade has risen almost three-fold, from US$1.1 billion in 1998 to US$3.1 billion in 2007.

From January to June 2008, Brazilian exports to Taiwan totalled US$823.5 million, higher than the US$815.9 million exported in 2007. Despite this, this year Brazil has so far this year posted a trade deficit of US$1.1 billion in its trade with Taiwan.

Taiwan has a population of 23.4 million people. Last year the country’s gross domestic product (GDP) totalled US$365.3 billion and its per capita income was US$31,691.50, more than three times that of Brazil. (macauhub)