Brazilian President Jair Bolsonaro Visits Beijing with a Delegation of 110 Brazilian Companies

Promoting Business Opportunities and Infrastructure Investments in Brazil
2019-10-24 18:50 767

BEIJING, Oct. 24, 2019 /PRNewswire/ -- Brazilian president Jair Bolsonaro, alongside with Minister of the Civil House, Onyx Lorenzoni; Minister of Foreign Affairs, Ernesto Araújo; Minister of Agriculture, Livestock and Food Supply, Tereza Cristina and the President of The Brazilian Trade and Investment Promotion Agency (Apex-Brasil), Sergio Segovia, are visiting Beijing on October 24 and 25, 2019. As a part of the mission, Apex-Brasil is leading a delegation of 110 Brazilian companies and have agendas focused on both export and investment attraction. Participants were selected from companies that already export and have been operating in China continuously over the past three years, such as Marfrig, Seara, BRF, Petrobras, Embraer, WEG etc. Most companies are in the food and beverage industry, with other companies and sectoral associations for machinery, energy, mining, chemicals, footwear and leather, plastics, vehicles, pulp and paper, and services such as IT, engineering, financial services and among others.

Today, the Brazilian delegation visited the China Agricultural University Technology Park and Alibaba's new retail stores, Hema, to study the example of integration between electronic and conventional commerce. On the next day, the Brazil China Business Seminar organized by the Brazilian Ministry of Foreign Affairs and Apex-Brasil, will be held in partnership with the China-Brazil Business Council (CBBC) and the China Council for International Investment Promotion (CCIIP), and with the support of the China Development Bank (CDB). There will be a business conference on opportunities in both countries, followed by meetings on infrastructure investments in Brazil, agribusiness and innovation, as well as networking opportunities between Brazilian and Chinese entrepreneurs.

The President of Apex-Brasil, Sergio Segovia says, "This mission is a great opportunity to increase the trade and investment relationship between our two countries. Apex-Brasil acts to support Brazilian companies who want to better understand the Chinese business environment. We also act as a one-stop-shop to investment, helping Chinese investors who want to go to Brazil."

In 2018, the bilateral trade between China and Brazil (exports and imports) was of US$ 98.7 billion, 32% more than in 2017. Brazilian exports to China account to US$ 63.9 billion, 34.6% more than in 2017, and Brazilian imports from China were of US$ 34.7 billion, 27% above 2017. The Chinese investments in Brazil are also growing. In 2010, China was the 18th largest investor in Brazil and, in 2017, the country reached the tenth position. In this period, the Chinese investment stock in Brazil grew from US$ 8 billion to US$ 21 billion.

About Apex-Brasil

The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) works to promote Brazilian products and services abroad, and to attract foreign investment to strategic sectors of the Brazilian economy.

Apex-Brasil organizes several initiatives aiming to promote Brazilian exports abroad. The Agency's efforts comprise trade and prospective missions, business rounds, support for the participation of Brazilian companies in major international trade fairs, arrangement of technical visits of foreign buyers and opinion makers to learn about the Brazilian productive structure, and other select activities designed to strengthen the country's branding abroad.

Apex-Brasil also plays a leading role in attracting foreign direct investment (FDI) to Brazil, by working to identify business opportunities, promoting strategic events and lending support to foreign investors willing to allocate resources in Brazil.

Source: Apex-Brasil