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Brazil and China should consider free trade

Posted by Marina
"The Chinese market will grow a lot in the coming years, and with an increasingly intense urbanization - it is the largest middle class in the world, with 400 million people. Chinese policy has been self-sufficiency in cereals and staple foods, but the opening to import other products, and studies indicate that China will double the demand for food by 2050. ”The statement was made by the Minister Counselor of the Chinese Embassy in Brazil, Qu Yuhui.

He participated in this week's edition of the CEBC Webinar (Brazil-China Business Council). With the theme "Agriculture and Innovation: A strategic look at the relations between Brazil and China", the virtual meeting brought together members of the Brazilian and Chinese governments and the business community, including the presence of Ambassador Orlando Leite Ribeiro, who is Secretary of Commerce and Relations Internationals from the Ministry of Agriculture, Rodrigo Santos, Head of Bayer Crop Science LATAM and Carolina Tascon, Commercial Director of COFCO International. The moderation of the event was in charge of Ambassador Luiz Augusto de Castro Neves, president of CEBC.

“I believe that the two governments, both Brazilian and Chinese, should increasingly tighten up communication with each other in order to provide the mechanisms to work in the Chinese market. We have to think about the topic of free trade, which is sensitive, but trade must take place must happen in an open way. Other countries have already made and are placing many products in China, ”said Qu Yuhui.

In addition, according to the Counselor of the Chinese Embassy in Brazil, Brazilian businesspeople should be more “'aggressive' in the Chinese market, avoid immediacy, think in the long term, invest more in marketing, understand the consumer and strengthen the chains to access this demand ”.

The Embassy Orlando Leite Ribeiro, in turn, stated at the event that “there is a great concentration in a single commodity and a single country, China, which holds 40% of purchases from Brazilian agribusiness, which represents something around US $ 5 billion. This is a way of looking at things. The other is that for every dollar exported to the United States, Brazil sells seven dollars in agribusiness products to China ”.

According to him, the Minister of Agriculture, Livestock and Supply, Tereza Cristina, has as a priority the diversification of products and markets. “And we have been successful in this, as we have already opened 85 new markets since the beginning of the government. Even for China, we have already managed to release several products ”, he concluded.

Source: Agrolink