Political Risk Latin America Blog @PolRiskLatam

Brazil preparing plan to stimulate industry and cut knick-knack Chinese imports

Posted in News and Articles, Political Risk by politicalrisklatam on March 14, 2011

by Merco Press News, March 14th, 2011.

Brazil imports too many knick-knacks from China complained Brazilian president Dilma Rousseff, who next month makes an official state visit to the Asian giant, according to reports in the Sao Paulo press.

Last Friday President Rousseff met with labour leaders and said she was concerned with the misbalance in trade with China.

“There’s a misbalance in our relation with China. Brazil exports commodities and imports too many knick-knacks. This happens particularly between Christmas and Carnival. I’m told that 80% of this year’s Carnival costumes came from China”, the Brazilian leader remarked during the meeting according to the union leaders.

“We need to inject added value to our exports, this is essential” insisted Ms Rousseff.

The Brazilian president is scheduled to travel to China April 10 when she will meet her Chinese peer Hu Jintao and later will be attending a summit of the Brics group (Brazil, Russia, India, China and South Africa). (continue reading… )


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