Chinese promise to increase investments in Brazil

Minister Tereza Cristina (Agriculture, Livestock and Supply) began this Monday (13) another stage of her trip to Asia, with meetings and events in Shanghai, China. The minister met with Chinese investors, who promised to increase investments in Brazil. The mission also publicized Brazilian specialty coffees in a coffee maker.

Investors

Tereza Cristina presented data on the agricultural sector and areas with growth potential to a group of 40 Chinese investors with projects in Brazil. The meeting was organized by Banco do Brasil in partnership with the Brazilian consulate.

Investors reported that they intend to increase the amount invested in Brazil, in the seeds, pig farming, infrastructure and railway sectors.

The Chinese revealed interest in railway works, such as Ferrogrão - a railway corridor for transporting grains in the Central-West Region, which will be built between Sinop (MT) and Itaituba (PA), where the Port of Miritituba is located. The project is budgeted at US$3,37 billion and the notice should be released in the fourth quarter of 2019.

Another project mentioned was Fiol (railway that will connect Ilheús (BA) to Figueirópolis (TO), to transport iron ore from the Caetité region and grains) and Norte-Sul (main route for transporting grains through Arco Norte with investments estimated at US$680 million).

At the meeting, the Chinese also showed great expectations regarding the measures to be adopted by President Jair Bolsonaro's government to unlock the country's economy. 

Also participating in the meeting were the ministry's Secretary of Commerce and International Relations, Orlando Leite Ribeiro; the Secretary of Innovation, Rural Development and Irrigation, Fernando Camargo; the director of International Promotion at the ministry, Márcia Nejaim, and the consul general of Brazil in Shanghai, Gilberto Moura.

specialty coffees

The delegation's first commitment was to promote Brazilian specialty coffees at the SeeSaw café. The Chinese coffee consumption market has been growing.

The minister recalled that inviting someone to have a cup of coffee is a gesture of friendship in Brazil. “Today, after so many years, Brazilian coffee can be considered gourmet coffee, spread throughout the world. We would like China to drink more coffee,” she said.

The promotion event was organized by importer Jason Wang with support from the director of the Brazilian Specialty Coffee Association, Vanusia Nogueira. Federal deputies accompanying the minister were also at the event.