China and Brazil are not competitors in Africa, says Apex president

7 August 2009

Brasilia, Brazil, 7 Aug – The president of the Brazilian Investments Promotion Agency (Apex) said Thursday in Brasilia that Brazil and China were not competitors in Africa and that Brasilia’s support was essential for the continent to become a significant food producer.

“The Chinese are not competitors with Brazilian sectors in Africa, which receives many investments from China in the consumer goods area. But we should remember that above all else they need to eat,” said Alessandro Teixeira, in statements to Portuguese news agency Lusa.

According to his evaluation, if Africa did not receive Brazilian agri-livestock technology, it would be difficult for the continent to become a food producing warehouse.

“There is lots of room for China and also other countries to collaborate with Africa,” added Teixeira.

From 11 to 13 August the Forum on Economic Cooperation with Portuguese-speaking Countries, which is taking place in Rio de Janeiro and will be attended by a large-scale Chinese delegation, aims to expand the flow of trade and stimulate reciprocal investment.

Alessandro Teixeira believes that today there is “greater importance given to political, diplomatic, economic and trade issues between the two Portuguese-speaking countries,” which has allowed for a “more integrated agenda” over the last four years.

According to a study by Apex, trade last year between Brazil and other members of the Community of Portuguese Language Countries (CPLP) increased 534 percent in relation to 2002, reaching US$6.5 billion.

China’s participation in the Rio de Janeiro forum is justified by the increase in its trade via the Special Administrative Region of Macau with CPLP member countries.

China will take over 180 companies to the meeting in Rio de Janeiro, 40 of which are from Macau. (macauhub)