The Chinese government is aware of Brazilian concerns to increase the added value of its exports to China, while the Asian country “is willing” to work toward this goal, said, on Thursday (8), Yang Wanming, China’s ambassador to Brazil, during an online event promoted by Exame magazine. Brazil, which has the largest market in China for exports of agricultural products, mainly soybeans, sugar and meat, could increase shipments of processed and higher-value added items, including more animal proteins, fruits and coffee, he said. He also said that China is expanding its imports of raw materials for animal feed, such as corn, and that Brazil barely sells the cereal to the Chinese, signaling growth prospects. In 2020, despite the pandemic, Brazilian agricultural exports rose nearly 10%, to 34 billion dollars, said Wanming. As China’s per capita GDP grows, Brazil should “take advantage of these opportunities to attract more investment by Chinese in the agricultural processing sector, to increase added value of products exported to China”.
Sources: Reuters / Notícias Agrícolas (*Translated by Ia Niani)