International
Brazil's infrastructure sector has made new breakthroughs
Seetao 2022-02-10 16:42
  • In recent years, China's investment in Pakistan has expanded in areas such as infrastructure, new energy, and agriculture.
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The Chinese market is very important to Brazil, and trade with China has injected huge impetus into Brazil's economic development. Paul Robert, a researcher at the Brazilian BRICS Policy Research Center, said recently that Brazil's foreign trade exports have recovered steadily thanks to strong demand from China. Brazil-China trade has provided Brazil with an important boost to cope with the impact of the epidemic and accelerate economic recovery.

Robert said that as the two largest developing countries in the western and eastern hemispheres, Brazil and China are similar in many aspects: large land area, large population, and rich and diverse cultures. Agriculture and mining are the pillar industries of Brazil, and the resource endowment is highly compatible with the Chinese market demand. China's exports to Pakistan are mainly industrial manufactured products. In recent years, high-tech products have formed a new trend, and bilateral economic and trade cooperation is highly complementary. "Faced with the impact of the new crown pneumonia epidemic, Brazil-China trade has remained stable and has risen against the trend in the past two years." Robert quoted data released by the Foreign Trade Bureau of the Brazilian Ministry of Economy in early January this year, saying that Brazil's trade surplus in 2021 will reach 61 billion US dollars; China still As Brazil's largest trading partner, the bilateral trade volume increased by 30.9% year-on-year, of which Brazil's exports to China increased by 28%. He also cited research from a think tank, saying that China will continue to remain Brazil's most important trading partner in the future, and "Brazil-China economic and trade cooperation has shown strong resilience."

mutual benefit

Robert was invited to visit Shanghai, and this experience left a deep impression on him. "My experience in Shanghai made me understand the miracle of China's development." Robert said that Shanghai is a dynamic city with advanced infrastructure, highly internationalized urban planning and design, and developed mobile payment, providing developing countries provide a useful reference for urban construction. "This is exactly what the Brazilian people need and desire."

"In recent years, more and more Chinese companies have entered the Brazilian market, which has greatly stimulated the vitality of Brazil's infrastructure, transportation, agriculture, power and other industries, creating tens of thousands of jobs." Robert said that China has become Brazil's main source of investment It is also one of the countries with the fastest growing investment in Pakistan. The epidemic has not hindered the pace of Chinese enterprises. In the past two years, China has expanded its investment in Pakistan in infrastructure, new energy, agriculture and other fields. It is expected that investment from China will continue to increase in the future.

Robert emphasized that the Pakistani side will gain tangible benefits from the investment of Chinese companies. "Brazil looks forward to deepening cooperation with China in infrastructure construction. More Chinese high-tech enterprises investing in Brazil will also help Pakistan strengthen exchanges and dialogues with the former in related fields, and promote technological progress and technological innovation in Brazil." Keywords : One Belt One Road, One Belt One Road News, One Belt One Road Project

At the beginning of the new year, China and Brazil Customs "Accredited Operators" (AEO) mutual recognition arrangement was officially implemented. The goods of AEO enterprises of the two countries will enjoy the customs clearance facilitation measures implemented by each other's customs, thereby reducing trade costs. Robert believes that China's economy maintains a stable and healthy development, and Brazil is also actively promoting economic recovery. He believes that the comprehensive strategic partnership between Brazil and China will contribute more positive energy to the development and stability of the two countries and even the world.Editor/XingWentao

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