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Brazil

Promotion and investment institutes from Brazil and Macau cooperate in the business sector

5 May 2016
Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São Paulo), a private non-profit company, maintained by the State government, at a meeting in São Paulo with a business delegation from Macau that went to Brazil to attend the APAS 2016, an international trade fair focused on the supermarket sector.

Shanghai company buys trading company in Brazil

4 May 2016
Hunan Dakang Pasture Farming, a company of the Shanghai Pengxin group, has paid US$286 million to acquire 57 percent of Brazilian trading company Fiagril Ltd, reported financial news agency Bloomberg.

Macau mission to Brazil promotes the territory as a platform between China and the Portuguese-speaking countries

3 May 2016
A Macau economic mission is taking part in São Paulo in APAS 2016, an international trade fair for the supermarket sector organised by the Paulista Association of Supermarkets, from 2 to 5 May, according to official information.

Anglo American sells mining assets in Brazil to China Molybdenum group

29 April 2016
Anglo American, one of the largest mining groups, has sold its niobium and phosphates assets in Brazil to the China Molybdenum Group (http://www.chinamoly.com/en/) for US$1.5 billion, according to a statement to the market.

China still interested in building Trans-oceanic railway in South America

28 April 2016
Representatives of various companies from Brazil and Peru attended a regional integration meeting focused on the Chinese government's project to build a railway linking the Atlantic and Pacific oceans, reported Chinese TV station CCTV. Held in a city in the west of Brazil, the meeting, similarly to previous ones, was intended to gather information to carry out an economic feasibility study, said CCTV.

Chinese group Geely leaves car market in Brazil

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.

China is main market for exports of agricultural products from Brazil in March

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.

Trade between China and Portuguese-speaking countries falls about 26 pct in first two months of the year

19 April 2016
Trade between China and the Portuguese-speaking countries fell 25.54 percent in the first two months of the year compared to the same period of 2015, according to statistics from China's Customs Service released by Macau Forum.

China State Grid awarded tender for power transmission in Brazil

18 April 2016
State Grid Brazil Holding S/A of China has been awarded the tender for the concession of two power transmission lines near the city of Paranatinga in the state of Mato Grosso, which will represent an investment in infrastructure in Brazil of about US$2 billion.

Angola and Brazil want to use national currencies in trade

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.

Brazil expected to become the main supplier of beef to China

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."

China State Grid evaluates the assets of Spanish group Abengoa in Brazil

6 April 2016
Staff from China State Grid visited the power transmission projects in Brazil owned by Spanish group Abengoa to consider a possible acquisition of these assets, Reuters reported Tuesday.

Guinea-Bissau government ready to host China/CPLP meeting

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.

Brazil’s Andrade Gutierrez starts construction of dam in Mozambique

23 March 2016
The construction of the Moamba Major dam, a project costing US$500 million that will supply electricity and water to Mozambique's Maputo province, should start in May, the director of the project said Monday.

Brazil’s Azul invests in TAP – Air Portugal

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.

Brazil prepares to attract tourists from China

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.

China Three Gorges Group prepares proposal for construction of dam in Brazil

17 March 2016
A consortium led by the China Three Gorges Group (CTG) is preparing a proposal to be presented when the construction project of an 8,000-megawatt hydroelectric plant in Brazil is taken to auction, English language newspaper China Daily reported.

Angolans and Brazilians plan to produce grains in Angola

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.

Soy almost doubles exports of agricultural products from Brazil to China

11 March 2016
Exports of agricultural products from Brazil to China in February nearly doubled to almost US$1 billion or 94.9 percent more than in the same month of 2014, according to official figures released in Brasilia.

HNA Group’s stake in Portuguese airline TAP depends on European regulations

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.
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