Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


Interview: China's greater reform, opening-up to boost partnership with Brazil

January 8, 2019


Abstract : China's decision to open its door wider to foreign companies will help bolster China-Brazil economic, trade and financial partnership, a Brazilian business leader said.

50355

RIO DE JANEIRO, Jan. 7 (Xinhua) -- China's decision to open its door wider to foreign companies will help bolster China-Brazil economic, trade and financial partnership, a Brazilian business leader said.

The Chinese government has taken a series of measures, among them supports for foreign companies, and "it seems to me to be very important," Brazil-China Business Council (CEBC) President Luiz Augusto Castro Neves told Xinhua.

"There are several Brazilian companies established in China, and there will certainly be others that are interested," said Neves, citing China's more welcoming regulations.

"Any company that intends to invest wants to know what the regulatory environment is like in the destination market, in other words, what you can do and what you can't do," he said.

China is the leading trade partner and largest foreign investor in Brazil while Brazil is looking to diversify its exports to China, said Neves, who served as Brazil's ambassador to China from 2004 to 2008, a period when the bilateral ties grew remarkably.

The China-Brazil High-Level Coordination and Cooperation Committee was created in 2004. Two years later, the committee held its first meeting, so Neves had the opportunity to witness each step in China's efforts to perfect its economic policies.

Neves praised China's decision to modify the government's role from "ratifying or approving" the establishment of foreign companies to "supporting and serving" them.

"Greater opening-up of the market and less intervention lead to a simple and clear regulatory environment," said Neves, expressing confidence that the China-Brazil ties will continue to flourish.

The Brazilian businesses are banking on the relationship to keep expanding, he said.

"Brazil's private sector is also hoping these ties of cooperation with China will grow even more," said Neves.

More than 200 Chinese companies are operating in 23 of Brazil's 27 states, said Neves, "so I hope the presence of Brazilian companies in China increases as well."

To that end, various Brazilian organizations, including the CEBC and the export and investment promotion agency APEX, "which already has representative offices in China, will promote the bilateral economic and trade ties in conjunction with the Chinese government," said Neves. 


Related Coverage

Focus

Think Tank

  • China's rural land reform will go much deeper this y...

    February 21, 2019

    As stated by the Document, "laws, regulations and policy measures need to be...

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial