Brazil: Strategic study on China presented in Bahia

10 November 2008

Bahia, Brazil, 10 Nov – Brazilian export and investment promotion agency, APEX-Brasil, is organising a seminar in Salvador da Bahia Tuesday to present a Study on Business Opportunities in the Chinese Market to businesspeople and institutions in the northeast region of Brazil.

Organised in partnership with Promo-Centro Internacional de Negócios da Bahia (FIEB) and the Chamber of Commerce and Industry Brazil-China (CCIBC), the study details important aspects such as regional characteristics, customs and logistics procedures, Brazil/China trade, sectors with sales potential for the country, trade via Hong Kong and export of services, amongst others.

Bahia’s tarde relations with China have grown over the last few years.

According to information from Brazil’s Development, Industry and Foreign Trade Ministry, in 2006 the state sold US$330.017 million in goods and services to China, a figure which rose 73.12 percent in 2007, when Bahia exported US$571.334 million to China.

The document showed that, with average annual growth of 9 percent and an emerging middle class estimated at 200 million consumers, China is now at the top of the markets considered to be a priority for Brazil in the strategy outlined by Apex-Brasil for the internationalisation of companies and attracting investment..

The country is the world’s second largest exporter, with a total of US$1.218 trillion in 2007, behind Germany, which exported US$1.327 trillion that year. Em termos de importações, a China ocupa a terceira posição. Importou 956 mil milhões em 2007, após os EUA (1,953 biliões de dólares) e Alemanha (1,059 biliões de dólares).

China is currently the fourth-largest destination for Bahia’s foreign sales, behind the United States, Argentina and the Netherlands. (macauhub)