Federation of Industries of Sao Paulo State, Brazil, to set up Chinese studies centre

17 March 2011

Sao Paulo, Brazil, 17 March – The Federation of Industries of Sao Paulo State (Fiesp) is set to create a Chinese Studies Centre in partnership with the federal government, the president of the federation said Wednesday in Sao Paulo.

According to the Brazilian press, Paulo Skaf said that the centre would defend Brazil’s interests as a whole, and not just those of the Brazilian industrial sector.

The president of Fiesp said that Brazil had a trade surplus with China but noted that considering manufactured products alone in 2010 it had posted a deficit of US$25 billion.

“For this year, the projected deficit with China is US$40 billion in manufactured products and Brazil is expected to see a deficit of US$100 billion in total imports of these types of products,” Skaf said at the end of a meeting of the Fiesp Higher Strategic Council.

By May, Fiesp plans to structure the centre and establish where it will be located as well as to start hiring staff.

“We have to understand this China issue in depth. It is true that there are opportunities, risks and challenges, but discussions are not well-organised. The aim of the centre will be to bring together academics to establish a strategy for Brazil,” he said. (macauhub)