Brazil present at Macau International Fair to increase exports and attract investment

27 October 2009

Macau, China, 27 Oct – Brazil took part in the Macau International Fair to boost its ties with China, by increasing exports and attracting investments, the representative of the Brazilian export promotion agency Apex said Friday.

César Yu told Portuguese news agency Lusa that Brazil had once again been part of the Portuguese-speaking pavilion at the Macau fair to “show Chinese businesspeople that it is ready to export and to attract investment,” particularly in the agri-food and machinery sectors.

“Relations with China are increasingly close, trade is increasing significantly and many Chinese companies want to invest in Brazil and many Brazilian ones want to come to China,” the official said noting the “important” role of Macau as a gateway to the Asian giant.

Lourenço Cheong, of the Commercial Association of Sao Paulo noted that there was a lot of room for boosting bilateral trade in terms of agri-food products and machinery, as, he said, Brazil “is very strong in the agri-food sector and China has a need for those products and, in return, many Brazilian business owners are interested in Chinese machinery.”

At this year’s edition of the Macau International Fair, Brazil boosted its presence, with a stand not only at the Portuguese-speaking countries pavilion, but also the state of Sao Paulo opted to have its own pavilion due to increasing cooperation with Macau.

The secretary for Urban Development of Sao Paulo City Hall, Miguel Bucalem noted during the Forum for International Trade and Investment, as part of the Macau Fair, that the state’s presence in the territory aimed to “discover the successful experiences of urban planning,” that could open doors to new relations between governments and businesspeople.

Bucalem also noted that Sao Paulo had a Gross Domestic Product (GDP) equivalent to 15 percent of the Brazilian national total, also serving as a “gateway for foreign investment in Brazil.”

In order to make bilateral cooperation easier, the Brazilian lawyers’ practice Duarte Garcia, Caselli Guimarães e Terra, with offices in Sao Paulo and Brasilia, opened an office in Beijing six years ago in order to help Chinese businesspeople invest in Brazil. (macauhub)