Sao Paulo, Brazil, March 16 (CNA) Two trade groups from Taiwan met with Brazilian manufacturers in Sao Paulo, Brazil on Friday to promote Taiwan-brand products and discuss business opportunities ahead of upcoming major sporting events.
As Brazil will host the 2014 World Cup and 2016 Summer Olympics, and Taiwan will host the 2017 Universiade, both countries can cooperate with each other in many ways, said Cho Shih-chao, director-general of the Bureau of Foreign Trade, who led one of the delegations to the South American country.
"In preparation for the two international sports extravaganzas, Brazil's government has been actively developing its 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 around 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 Wu Wen-ya, vice chairman of the Taiwan External Trade Development Council, met up with Cho's group in Sao Paulo to deliver a joint presentation to the local manufacturers.
Prior to arriving in Brazil, Wu's delegation had already visited Peru, Ecuador and Chile as part of a business tour of South America.
Wu noted that Brazil is not only a major trading partner of Taiwan, but also the biggest export market in Latin America.
Brazilian statistics show that Taiwan exports to Brazil amounted to US$3.51 billion in 2011, up 10.04 percent from the previous year, while Taiwan's imports from Brazil totaled US$2.3 billion, up 32.45 percent, with Taiwan enjoying a trade surplus of US$1.21 billion.
(By Tang Ya-lin and Lilian Wu)