Germany and China increase disbursements in the Country
DCI
With an eye on the growth potential of virtually all sectors of the Brazilian economy, Germany and China come to the country to increase their investments in the market considered the most promising in the world. From today until next week, Brazilian and German businesspeople meet in the 1st Brazil-Germany Innovation Learning Laboratory 2011. The goal of the event is to try to identify and develop bilateral businesses and partnerships between the countries and strategic areas such as oil and gas, orthopedic prostheses, technologies for large events, such as the World Cup and the Olympics to be held in the country and clean energy. Another goal is to turn Brazil into one of the main trading partners of Germany. While the European country is the fifth largest Brazilian partner, Brazil is not among the 10 main partners of Germany.
China should finance more than R$ 7 billion (US$ 4.1 billion) to increase the soybean areas in the State of Goiás in the next seven years. With plans to directly import 6 million tons of the grain a year from the State, four Chinese companies, State-owned companies and mixed-capital companies, will send a party of technicians and experts in the beginning of next month to assess the project that will double the Goiás production of soybean until 2018. The idea of the Chinese is to minimize mishaps on the route of the soy until their country, excluding intermediate multinationals of the sector.
All that attraction of foreigners made the flow of dollars to Brazil skyrocket this year. According to data of the Central Bank, until March 18, the net inflow of foreign resources in the Country amounts to US$ 34.6 billion, compared to US$ 24.3 billion of the total last year. In March alone, the accumulated flow amounts to US$ 11.7 billion.