Two trade groups from Taiwan met with Brazilian manufacturers in Sao Paulo, Brazil, on Friday to promote Taiwanese-brand products and discuss business opportunities.
As Brazil will host the 2014 soccer World Cup and the 2016 Summer Olympics, and Taiwan will host the 2017 Universiade, both countries can cooperate with each other in many ways, said Bureau of Foreign Trade Director-General Cho Shih-chao (卓士昭), who led one of the delegations.
“In preparation for the two international sports extravaganzas, Brazil’s government has been actively developing infrastructure. There are many business opportunities ahead of the two events that deserve the attention of Taiwan’s manufacturers,” Cho said.
The Brazilian government is expected to invest about US$20 billion to host the 2014 World Cup. Major projects include the construction and improvement of stadiums in 12 cities, an overhaul of traffic infrastructure, as well as the introduction of information and communication technology software and hardware.
In addition, Brazil is planning to invest US$14.4 billion to host the 2016 Summer Olympic Games.
Another trade delegation from Taiwan, led by Taiwan External Trade Development Council (貿協) vice chairman Wu Wen-ya (吳文雅), met up with Cho’s group in Sao Paulo to make a joint presentation to Brazilian manufacturers.
Prior to arriving in Brazil, Wu’s delegation visited Peru, Ecuador and Chile as part of a South American business tour.
Taiwanese exports to Brazil amounted to US$3.51 billion last year, up 10.04 percent from the previous year, while the nation’s imports from Brazil totaled US$2.3 billion, up 32.45 percent, with Taiwan enjoying a trade surplus of US$1.21 billion, Brazilian statistics show.
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