Brazil rebuts criticism by the OAS (Belo Monte)
7 de abril de 2011Rousseff Wants China Buying More Than Soybeans, Vale’s Iron Ore
11 de abril de 2011Brazil’s President Dilma Rousseff will travel to China next week for a 5-day visit during which she will push for a series of trade and investment deals. The trip includes an April 12 meeting with Chinese President Hu-Jintao and an April 14 summit of the BRIC group of nations that also include Russia, India and new member South Africa.
For an analysis on trip click [ID:nN07149192].
Below are some of the possible trade and investment deals that could come out of the trip.
* Industry officials say they expect China to lift import restrictions on Brazilian pork. Brazil is one of the world’s largest producers of pork meat and China is its largest consumer.
“We hope the president’s visit opens export markets, among others for pork meat,” said Pedro de Camargo Neto, head of the Brazilian Pork Meat Association, Abipecs.
* Chinese officials have told their Brazilian counterparts that Beijing could give the green light for Brazilian Embraer’s (ERJ.N) joint-venture in China to assemble corporate jets. The joint-venture assembly plant risks closure after plans to build its larger Embraer 190 commercial aircraft were deemed too costly.
Separately Chinese regional airlines are expected to sign purchase orders for the Embraer 190 jet. [ID:nN07113690]
* China’s Chongqing Grain Group (CGG) plans to invest 4 billion reais ($2.4 billion) in an agricultural complex in Brazil’s northeast. [ID:nN21298117] The deal is expected to be signed during Rousseff’s visit.
* Chinese companies are also looking to invest in a planned $21 billion high-speed railway linking Rio de Janeiro and Sao Paulo. They could formalize their interest during the trip.
* Oil companies are looking to invest in Brazil’s vast offshore oil reserves. China’s Sinopec Group (0386.HK) said in October it planned to buy 40 percent of Repsol’s (REP.MC) deepwater oil assets in Brazil for $7.1 billion. More loans or capital investment in oil and gas could be forthcoming.
