by Staff Writers
Brasília (AFP) Aug 28, 2017
Brazil's President Michel Temer heads to China with ministers and business leaders Tuesday to woo investors as he seeks to privatize a host of state utilities.
Temer has announced plans to privatize 58 state firms in a bid to spark an economic revival after two years of recession.
"We hope China may be interested in taking a stake in these concessions and bring capital to Brazil. It will be very useful to us," he said in an interview on Chinese state television.
The planned privatizations range from the Congonhas aircraft terminal in Sao Paulo to big state-run energy utility Eletrobras and even the national mint.
While in China, Temer will also take part in a summit on September 3 of the BRICS grouping of major emerging economies.
He is scheduled to meet with Chinese President Xi Jinping on Friday.
Brazilian presidency spokesman Alexandre Parola said the two countries would sign bilateral deals on infrastructure, health, culture and technology.
"Brazil is a safe destination for Chinese investment and a big provider of food and supplies to China, our main trade partner," he said.
Brazil's foreign trade ministry says bilateral trade was worth more than $58 billion last year.
Washington (UPI) Aug 18, 2017
Archaeologists have discovered an ancient trade network crisscrossing Vietnam's Mekong Delta region. As revealed by several excavations, a vast network of manufacturing hubs and trade routes moved large amounts of goods from settlement to settlement between 4,500 and 3,000 years ago. "We knew some artefacts were being moved around but this shows evidence for a major trade network ... read more
Global Trade News
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|