27 April 2016
Chinese group Geely has decided to temporarily suspend its sales in Brazil, two years after it entered the market, according to a statement from official importer Gandini Empreendimentos, which said the brand may return if "the internal market returns to normal." Since March 2014, when the Chinese group put its first car up for sale in Brazil until April of this year Geely sold just 1,019 of the two models on sale in the market, the EC7 and GC2.
20 April 2016
China was the main destination for Brazilian agricultural exports in March, soy being the most sought after product, according to official data from the Ministry of Agriculture, Livestock and Supply of Brazil. In March China imported goods from Brazil to the value of US$2.8 billion which represents an increase of 25.6 percent over the same period of 2015.
19 April 2016
18 April 2016
14 April 2016
Angola and Brazil will analyze a possible agreement to make trade payments in the currencies of both countries, said Wednesday in Luanda the minister of Foreign Affairs of Brazil, Mauro Vieira, cited by Angolan news agency Angop. The minister said that the audience granted by the President of Angola also analysed the agreement for cooperation and facilitation of investments signed by both countries in 2015 and issues related to cooperation in the fields of defence, health and education.
8 April 2016
This year Brazil is expected to export over 200,000 tons of beef to China and become the main supplier of this product to the Chinese market, said the president of the Brazilian Refrigeration Association (Abrafrigo). Pericles Salazar said in a statement issued by the association, that although China is facing a period of lower economic growth, beef purchases rose 60 percent in 2015 year on year, "mainly due to the rise of the middle class and new consumer habits."
6 April 2016
5 April 2016
Guinea-Bissau will receive 150 official and business delegations for a meeting in Bissau of businesspeople from China and the Community of Portuguese-speaking Countries, the coordinator of the meeting's technical office said recently. Giving an update on preparations for the meeting, coordinator Bruno Jauad gave assurances that "everything is ready" to welcome the delegations to Bissau on 9, 10 and 11 April.
23 March 2016
23 March 2016
Brazilian airline Azul made an investment of about US$100 million (90 million euros) in Portuguese airline TAP - Portugal, according to a statement posted on its website. "The investment will give Azul the right to hold approximately 40 percent of the economic value of the Portuguese airline at the time of conversion of the security and after approval by the Civil Aviation Authority of Portugal," the statement said.
21 March 2016
Brazil's preparations to receive tourists from China during the Olympics and Paralympics in 2016 was the focus of a seminar entitled "Welcome Chinese" held recently in the Federal Senate, according to information from the Brazilian Tourism Institute (Embratur). Gilson Lira, Director of Tourism Promotion of Embratur, cited data from the World Tourism Organization as saying that Chinese citizens have been the highest tourism spenders worldwide since 2012.
17 March 2016
17 March 2016
The Community of Exporting and Internationalised Companies of Angola (CEEIA) and Brazilian group Costa Negócios Tuesday in Luanda signed an agreement for the production and export of 400 000 tons of grain in four years. The agreement sets out that the Brazilian group will invest US$250 million in the production of 250,000 tons of maize and 150,000 tons of soybeans at the end of the first four years, according to Angolan news agency Angop.
11 March 2016
10 March 2016
Chinese group HNA, which owns Hainan Airlines, taking a stake in airline TAP - Portugal depends on approval by the National Civil Aviation Authority (ANAC), according to the Portuguese press. The group holds a 23.7 percent in Brazilian airline Azul, the airline that is part of the Atlantic Gateway consortium,which under a memorandum signed in February with the Portuguese government holds a 45 percent stake in TAP. The Portuguese stake owns 50 percent and TAP's workers have 5 percent.
9 March 2016
7 March 2016
China and the eight Portuguese-speaking countries began 2016 with a year on year fall of 18.69 percent in trade in January, which totalled US$6.158 billion, according to Chinese official figures published in Macau. Trade with Brazil totaled US$4.419 billion (-20.61 percent), with China exporting goods worth US$1.682 million (-17.89 percent) and importing goods worth US$2.737 billion (-22.19 percent).
4 March 2016
Brazilian aeronautical company Embraer in 2015 delivered 120 executive aircraft and 101 commercial aircraft, and for the latter exceeded its initial forecast, the company said in a statement issued Thursday. In the same statement, Embraer said this year it expects to deliver between 105-110 commercial jet aircraft and in the executive aviation segment between 40 to 50 large aircraft and 75 to 85 light jets.
3 March 2016
China became the main destination for beef produced in Brazil, only eight months after the Chinese authorities lifted an embargo after a case of BSE, or "mad cow" disease, in the state of Paraná, Brazilian newspaper Folha de São Paulo reported. From June 2015, when shipments were resumed, to January 2016 China bought Brazilian beef worth US$517 million. This accounted for 16 percent of total revenue from beef exports, according to data from the Ministry of Development, Industry and Foreign Trade.
3 March 2016
Brazil's government has restated its support for the project by the Angola Cables company to connect Angola to Brazil by undersea cable and consequently to South America, during a meeting in Brasilia, Angolan news agency Angop reported. Upon receiving the ambassador of Angola in Brazil, Nelson Cosme, the Brazilian Minister of State and of Communications, André Figueiredo, once again gave assurances that Brazil supported Angola Cables' projects in Brazil, which are focused on management of the 6,600-kilometre undersea cable that will link Luanda to Fortaleza.