Fact: China has pledged $5 billion in investments in infrastructure throughout Africa, to ease access to that continent’s copper, iron, manganese, oil and natural gas reserves.
Fact: Brazil is a fast growing economy, one of the BRIC countries (a term created by Goldman Sachs to describe Brazil, Russia, India and China, four economies they think will surpass the G6 in 40 years). Brazil has a very strong focus on the agricultural industry.
So now Brazil’s state farming research company, Embrapa, is doing something very interesting in remora-like fashion, by following China into Africa to “gain a slice of the staff training, technical assistance, consulting, associated survey and technology transfer markets in Sub-Saharan Africa.”
As Macaub reports, Embrapa believes that China’s investments will lead to a strong increase in demand for food goods in the African market, thus allowing the entry of Brazilian goods such as agricultural machinery and equipment, seeds, production systems and even raw materials (soy, maize, rice, cotton) and meats.
Embrapa will initially focus on Mozambique, South Africa, Namibia, Zambia, Cameroon, Liberia, the Sudan and the Seychelles. At a later stage they will address on Angola, Egypt, Ghana, Congo, Tanzania, Uganda, Nigeria and Kenya.
Tags: China, Brazil, Embrapa, Africa, BRIC
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