Brazil’s VP says that the country wants to add value to its exports to China

Brazil wants to add value to its exports to China, especially those linked to the soybean, iron ore, and oil export chains. The guidelines being developed in bilateral plans with the Asian country should favor the establishment of investments in sectors such as agriculture, health, and communications, as well as infrastructure, trade, education, and sustainability.

These statements were made on Monday, May 23, by the vice-president of Brazil, Hamilton Mourão, referring to what had been shortly discussed during the 6th Plenary Session of the China-Brazil Commission of High Level of Agreement and Cooperation (Cosban) at the Brazilian Foreign Relations Ministry headquarters.

“We want to add value to the three commodities we most export to China: soybeans and derivatives, iron ore and oil,” he said. “And we want more openness to our products. Today, we discussed the issue of wheat that will be produced in Bahia, Ceará, and Roraima,” he added.

The vice president also said that Brazil will try to benefit from some green funds created by the Chinese. “Last year, they [the Chinese] created a fund to support actions to combat deforestation to promote sustainable development in the Amazon. We are discussing ways to gain access to this fund.”

Guidelines traced

Mourão added that the documents being prepared in the meetings between the two countries – establish guidelines that the next government should follow. “Regardless of which government is elected, two plans will be implemented: a strategic plan, which will last until the end of the decade, and an executive plan, which will run until the end of 2026,” he said.

“The government that takes over will find traced guidelines with commonly shared predictable goals,” he added, explaining that the plans prioritize Chinese participation in infrastructure projects funded by the Investment Partnership Program (PPI). He was specifically referring to the construction of the bioceanic corridor connecting Brazil to the Pacific from the border with the Paraguayan city of Porto Murtinho.

Source: Agência Brasil

To read the full original article, please go to:

https://agenciabrasil.ebc.com.br/economia/noticia/2022-05/brasil-quer-agregar-valor-exportacoes-china-diz-vice-presidente

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