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BRASILIA, Brazil (AP) _ Brazil is looking to triple exports to
China through a new program aimed at making the country's goods
more competitive in the Asian market, officials said Thursday.
``For many China is an unknown dragon. ... We need to
investigate this market, be aggressive,'' Brazilian Foreign Trade
Secretary Welber Barral said as he launched the Agenda China
program, a partnership between the government and private sector
that will increase Brazil's trade presence on the Chinese market.
Trade between the two countries rose tenfold from 2000 to 2007,
according to Brazilian government figures. In 2007, Brazil imported
US$12.6 billion worth of Chinese goods while exporting US$10.7
billion of its own goods to China.
While 96 percent of Brazil's Chinese imports are high-value
manufactured goods, 74 percent of its exports to China are
low-value commodities such as soybeans and pig iron.
Agenda China seeks to increase sales to China of Brazilian
pharmaceutical products, chemicals, plastics, shoes and metals, as
well as expanding the array of agricultural goods, through a higher
Brazilian presence at trade fairs and through visiting delegations
of businessmen, Barral said.
China is Brazil's third-largest trading partner after the United
States and Argentina.
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