September 8, 2011
Andres Oppenheimer – Miami Herald, 09/08/2011
After a decade of record Latin American exports to China, which helped the region grow significantly despite the recent global recession, there are signs that the honeymoon may be coming to an end.
Growing numbers or Latin American business leaders and trade experts are complaining that China is buying almost exclusively raw materials from the region, while refusing to purchase more sophisticated — and expensive — Latin American goods, thus preventing the region from having more diversified economies.
In addition, Chinese companies are bringing dubious business practices to the region, exploiting workers and destroying the environment, they say.
August 3, 2011
According to the Trade Ministry’s website the Brazilian surplus widened to 3.1 billion dollars in July from 1.3 billion a year ago. However the surplus slipped from June’s 4.4 billion in June.
Exports in July rose to 22.3 billion from 17.7 billion a year ago, while imports increased to 19.1 billion from 16.3 billion dollars, the Trade Ministry said
The Brazilian government slapped a 1% tax on currency futures last week as it seeks to contain the appreciation of the Super Real to protect local manufacturers from foreign competition. Higher commodity prices this year offset gains in the currency, helping increase the 12-month trade balance to 27.1 billion, from 17.7 billion a year ago.
April 4, 2011
Brazilian president Dilma Rousseff and her Chinese peer Hu Jintao will address the Libyan crisis and other issues related to the Chinese currency, Yuan, which has Brazilian manufacturers most concerned, anticipated the Brazilian Foreign Affairs ministry.
“Brazil and China share positions in many issues of the global agenda” and Libya is an issue which interests both countries, said Ambassador Maria Edileuza Fontenele Reis during a press round at Itamaraty.
Rousseff will be making her first official visit to China in two weeks time in coincidence with a summit of leaders from BRICS the group which also includes Russia, India, China and the latest addition South Africa.