59
near future,’’ she says. nership with APEX, the Brazilian Trade million tourists every year.
The main Chinese investments were and Investment Promotion Agency. This This purpose-built capital and so
cemented in 2004 when the two coun- covers 52 Chinese cities and will contin- called “open-air museum” welcomed some
tries celebrated 30 years of diplomatic ue through next year. of the biggest Chinese companies in key
relations. areas from water resources to bio-engi-
brasilia beckons neering research, stretching from Zhejiang
Stepping on the gas to Chongqing, from Beijing to Guangdong,
The two-day Brasilia meeting to study and open new areas of interest
One of them is GASENE, the South- also helped to introduce the capital, among the two giant emerging markets.
east-North-east Interconnection Gas a relatively recently developed city The meeting was financed by the
Pipeline, a 1,387 kilometre-long project - inaugurated in 1960 - designed by APEX agency, together with the Devel-
under construction in Brazil with the sup- the famous architect Oscar Niemeyer. opment Bank of Brazil and the govern-
port of Beijing. When completed it will Declared a UNESCO World Heritage ment of Brasilia and the Brazil central
connect the South-eastern gas system to site, Brasilia receives more than one government.
the North-eastern gas system and give a
major boost to the country’s gas market.
The huge project was born out of a
partnership between the Brazilian com-
pany Petrobras and China’s Sinopec.
A US$430 million thermo-electric
power plant in Brasil’s Candiota region
is another example of co-operation, this
time, a 2004 deal between the Brazilian
Government group Eletrobrás and Chi-
na’s CITIC Group. The project should be
completed by 2010.
Financed by the Chinese Develop-
ment Bank (CDB) and the Brazilian De-
velopment Bank, the two projects form the
main planks of Sino-Brazilian investment
co-operation. They will also be crucial to
future co-operation in the energy sector.
Gil Vicente Gama identified some
of the most important regions with major
investment from China and Asia: “The
North-east comes in the first place with
investment projects worth US$85 bil-
lion,” he said. The South-east is the sec-
ond region most likely to receive overseas
investments, he added.
As a closed meeting for a target au-
dience, the roundtable’s aim was to bring
Brazil and China closer. The new platform
for investors will develop projects for the
next 5 to 8 years. Singapore and Hong
Kong - two other major Asian markets -
also already have a close market relation-
ship with the South American country.
The ICOOI, which has been working
with China since 2003, recognises the
importance of Macau where the common
use of the Portuguese language offers a
perfect springboard for economic rela-
tions: “Speaking the same language is an
added value for us, ‘’ says Mendes.
At present, the ICOOI is distributing
25,000 copies of a magazine in Manda-
rin called “Business with Brazil” and
this year, the Institute began a serious of
seminars on business promoted in part-
december 2008
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