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Posts Tagged ‘Brazil’

Brazil overtakes Germany as 4th biggest car market

In Uncategorized on December 21, 2010 at 9:32 am

Brazil this year overtook Germany as the fourth-biggest car market in the world — and foreign investors see huge potential as the Latin American giant becomes increasingly prosperous.

At the end of 2010, a total of 3.45 million vehicles are forecast to have been sold in Brazil, nearly 10 percent more than last year, according to the national automobile manufacturers’ association Anfavea.

That would position Brazil behind China, the United States and Japan in sales of cars and light trucks, and just ahead of Germany.

“This in itself is already big attraction for a growing market, with a low density of vehicles per inhabitant,” Anfavea president Cledorvino Belini told AFP.

File photo of traffic on the Tiete highway, one of the ring roads most prone to traffic-jams in in Sao Paulo, Brazil.

He explained that Brazil, with a population of 192 million, had approximately one vehicle per seven residents, leaving plenty of room for growth.

There are some 30 million vehicles in total in Brazil, and the world’s big car companies expect that fleet to balloon as the country’s economic boom creates more consumers.

Europe and the United States, in contrast, are seen as saturated markets with minimal growth prospects.

Brazil “is a market that should keep growing over coming years, and that is attracting a lot of investment,” said Belini, who is also the head of the Brazilian subsidiary for Italy’s Fiat.

“We have competent workers. We also have all the primary materials for our product,” along with a dynamic economy, controlled inflation and easy credit for car-buyers, he said.

To underline the corporate optimism in Brazil, Fiat last week announced it was building a second factory in the country to the tune of 1.8 billion dollars. That was part of a 5.9-billion-dollar investment plan for Brazil that Fiat is rolling out between 2011 and 2014.

Fiat is intent of keeping its number one status in the Brazilian market, where it accounts for 23.1 percent of sales.

Germany’s Volkswagen is a close second with 22.7 percent, and US group General Motors is in third place with 21.2 percent, according to the national car dealers’ federation.

In terms of manufacturing, Brazil is the sixth-biggest vehicle producer in the world, turning out 3.64 million units under 17 different brands.

That base looks set to expand further with South Korea’s Hyundai and China’s Chery poised to also open factories.

That highlights Brazil’s enviable dual role as both Latin America’s biggest market, and “a production and development hub” for the region, Belini said.

Sixty percent of Brazil’s auto exports go to Argentina, while another 20 percent go to other parts of the continent, Anfavea said.

In terms of vehicle imports, 50 percent come from Argentina, 22 percent from South Korea and China, 10 percent from Mexico and 6.5 percent from Europe and the United States.

The panorama could change, though, as Brazil’s currency, the real, continues to soar against the dollar and the euro. That makes imported vehicles sought after by class-conscious Brazilians more affordable, and makes Brazilian exported vehicles more costly.

“We are feeling difficulties in competing in foreign markets, and at the same time imports are growing,” Belini admitted.

For now, however, the situation is rosy, with 780,000 vehicles being sold abroad, 64 percent more than 2009.

Source: SGGP

Rousseff tearfully thanks Lula for Brazil poll win

In Uncategorized on November 1, 2010 at 5:11 am

Rousseff seen winning as Brazil elects new leader

In Uncategorized on October 31, 2010 at 11:11 am

Brazil boosts ties with Vietnam: President

In Uncategorized on July 23, 2010 at 3:17 pm

Brazil boosts ties with Vietnam: President

QĐND – Friday, July 23, 2010, 20:40 (GMT+7)

Brazil will continue to build on the good relationship that exists between the Brazilian and Vietnamese Governments and peoples, especially in economic cooperation, says Brazilian President Luiz Inacio Lula da Silva.

President da Silva stated this while receiving the incoming Vietnamese Ambassador, Duong Nguyen Tuong, who has recently taken up the post.

The President highlighted Vietnam’s outstanding achievements in economics, culture and society in recent times.

He asked the Vietnamese diplomat to convey his best regards to President Nguyen Minh Triet and invite him to visit Brazil at the end of October or early November.

Ambassador Tuong conveyed President Triet’s best wishes to President da Silva.

Vietnam always attaches a great deal of importance to relations with Brazil and is eager to develop cooperation with the country, particularly in trade, science-technology, agriculture and education, said the diplomat.

He added that he hopes he will receive support from President da Silva and the Government and people of Brazil during his term of office.

Source: VNA

Source: QDND

Toyota to build third plant in Brazil

In Uncategorized on July 16, 2010 at 4:47 pm

TOKYO, July 16, 2010 (AFP) – Toyota will build a new 600-million-dollar auto plant in Brazil that is set to initially churn out 70,000 vehicles a year and employ 1,500 workers, the world’s biggest car maker said Friday.

The factory in Sorocaba, 100 kilometres (60 miles) west of Sao Paulo, will be the Japanese auto giant’s third in the South American country, where it opened its first overseas plant in 1962.

Construction will start in September on land the company bought two years ago and production of a newly developed compact car, both for the domestic market and export, is set to begin in the second half of 2012.

Toyota do Brasil Ltda. already produces auto parts at its Sao Bernardo plant with 1,200 workers and the Corolla model at its 2,000-staff Indaiatuba plant, which are both also located in Sao Paulo state.

The company said in a statement that it “intends to expand local production in line with market growth in Brazil and other emerging markets”.

Source: SGGP

Brazil searches for answers as flood death toll rises

In Uncategorized on April 11, 2010 at 10:26 am

 Rescuers raced against time Saturday amid fading hopes of finding survivors of a huge mudslide, with over 400 people now feared dead in some of the worst flooding to swamp Brazil in decades.

At dawn, rescuers pulled four more bodies from the thick mound of dirt and debris in the Niteroi shantytown of Morro do Bumba, bringing the updated death toll to 219, while another 200 people were believed to be buried alive in the slum, itself precariously perched atop a garbage dump.

Some 60 hours after the heaviest rains in half a century unleashed floods and mudslides, rescue workers appeared far from having finished the work of recovering bodies.

Workers with heavy machinery dig in the mud left by a landslide at Vicoso Jardim shantytown in Niteroi, a city 25 kms from Rio de Janiero

The floods tore through the metropolitan area’s precarious hillside slums, or favelas.

Niteroi was hardest hit, with at least 134 dead, according to the civil defense authorities. Across the bay, another 60 were found in Rio de Janeiro.

Amid confusion over exact toll numbers Saturday, officials updated the number of confirmed dead to 219 after earlier lowering the figure to 214.

The heavy rain forced some 50,000 people to leave their homes, officials said, either because their homes were damaged or because they were ordered to leave due to fear of fresh landslides.

Geologist Marcelo Motta, who participated in an investigation of the mudslide, told Globo News television that two cracks in the rocky soil made the mound move and pushed down the hill a huge amount of trash saturated with water that had trapped methane gas.

Focus quickly turned on responsibility for the huge death toll and damage. Experts blamed government “complacency” for allowing the country’s poorest to build housing haphazardly in areas at risk of natural disasters, such as on the sides of steep hills.

Rio state Governor Sergio Cabral, who briefly visited Morro do Bumba late Friday, laid blame on “all of society.”

“I was criticized in some favelas when I got walls built to prevent them from expanding. In Rocinha, the state compensated 300 families (for relocation). But demagogues criticized us, and sometimes rabble-rousing can be deadly.”

Cabral, who called for “strict measures to withdraw” from areas at risk, said he asked the Brazilian military to help in rescue efforts.

Rio Mayor Eduardo Paes has adopted a decree to remove “by force,” with the help of police, people living in areas at risk.

Some 150 people worked through the night searching for survivors in Morro do Bumba shantytown, with the help of eight excavators, as a stream of trucks came and went loaded with debris.

“There is a possibility” of finding survivors, said the Niteroi Civil Defense chief, Marival Gomes. “It’s not easy but there is hope.”

Firefighters working at the site since Wednesday, however, said there was little chance of finding new survivors after part of the hillside fell away and swallowed everything in its path, including 50 houses, a day-care center and a pizzeria.

A handful of people were rescued from the mud in the few hours after the landslide.

Cristiane Oliveira, 27, saved her daughters from the mudslide but lost her mother, uncles and cousins and still waited to see their bodies emerge from the piles of earth.

“I look and I think, ‘Everyone is under there.’ It’s really sad,” Oliveira told AFP.

Labor Minister Carlos Lupi said a 30-year credit line of 567 million dollars, with a three-percent interest rate, was set up to seed construction of public housing.

The federal government released 113 million dollars in aid for municipalities in Rio state affected by the floods and mudslides, Cabral said.

After five days of rains, aggravated by numerous floods in the region, the sun was shining Saturday in Rio.

Source: SGGP

Iran needs ‘just solution’ to nuclear row: Brazil

In World on November 25, 2009 at 4:13 am

Brazilian President Luiz Inacio Lula da Silva on Monday urged his visiting Iranian counterpart Mahmoud Ahmadinejad to find a “just solution” with the West to Tehran‘s contested nuclear program.

Lula, speaking in a joint media conference with Ahmadinejad, reiterated that Brazil backed Iran’s declared quest for “peaceful nuclear energy in full respect of international accords.”

He appealed to Ahmadinejad to “continue contacts with interested countries for a just and balanced solution on the nuclear issue in Iran.”

Ahmadinejad, for his part, voiced support for Brazil’s bid to one day become a permanent member of the UN Security Council. Brazil is to take one of the non-permanent seats — those without the power of veto — in 2010 and 2011.

“We support a reformed UN Security Council and for Brazil to have a permanent seat,” he said.

He argued the council “has failed over the past 60 years because of the veto power of a small number of countries, a source of insecurity for several countries in the world.”

Iranian President Mahmoud Ahmadinejad

The United States and Europe are leading an international campaign against Iran’s nuclear program, amid suspicions the Islamic state is trying to build a nuclear arsenal under cover of a pursuit of atomic energy.

Iran on Monday reinforced its rejection of a UN-brokered deal that would call for Russia and France to enrich its uranium, with a senior official saying no nuclear reactor fuel would leave Iran.

Lula has repeatedly backed Tehran’s nuclear program, and said he opposed international sanctions on Iran.

Ahmadinejad’s visit to Brazil was the key leg of a five-nation tour to sympathetic Latin American and African seen backing Tehran’s vision of a new world order in which the United States is not dominant.

The itinerary began in Gambia, and after Brazil was to continue with Bolivia, Venezuela and Senegal.

Lula, a moderate leftist wary of US influence in the world, has reached out to Iran as part of a broader strategy to implicate Brazil in seeking peace in the Middle East.

In his weekly radio broadcast on Monday, he said: “You can’t move forward by isolating Iran. If Iran is an important player in all this discord, it’s important that someone sits down with Iran, talks with Iran and tries to establish a point of balance, so that we can return to a degree of normality in the Middle East.”

Days before receiving Ahmadinejad, Lula made a point of welcoming visits by Israeli President Shimon Peres and Palestinian President Mahmoud Abbas.

On Monday, he announced he would travel to Israel, Jordan and the Palestinian Territories in March next year.

The Iranian president was accompanied by a 300-strong delegation, half of which were Iranian businessmen working towards Tehran’s goal of lifting bilateral trade with Brazil from one billion dollars today to 15 billion dollars in the future.

Several protests over his visit have taken place, notably one on Sunday in Rio de Janeiro, where 1,000 members of Jewish, anti-racist and gay rights groups rallied against Ahmadinejad’s tirades.

Sao Paulo’s governor, Jose Serra, who is seen as the leading potential candidate in presidential elections in October next year that will select Lula’s successor, called Ahmadinejad’s visit “undesirable.”

“Democracy and human rights are indivisible and have to be defended in every part of the world,” he wrote in an opinion piece published in the Folha de S. Paulo newspaper.

After his 24-hour Brazilian leg, Ahmadinejad was to depart for Bolivia for talks with his counterpart Evo Morales, then on to Venezuela to see his “friend” Hugo Chavez. Both Morales and Chavez are strongly critical of the United States.

Source: SGGP Bookmark & Share

Ahmadinejad leaves for tour including Brazil, Venezuela

In World on November 22, 2009 at 12:25 pm

Iranian President Mahmoud Ahmadinejad left Tehran on Sunday for a five nation tour, including Brazil and Venezuela, both supporters of the Islamic republic‘s controversial nuclear programme.

Ahmadinejad’s five-day trip also covers Bolivia and West African countries Gambia and Senegal, the ISNA news agency reported.

According to the presidency office website, Ahmadinejad will first go to Gambia, and then to Brazil, Bolivia, Venezuela and Senegal.

Since coming to power in 2005, Ahmadinejad has sought to form bonds with leftist south American leaders, and enjoys “brotherly ties” with fiercely anti-US Hugo Chavez, president of Brazil’s neighbour, Venezuela.

Iranian President Mahmoud Ahmadinejad

The Islamic republic’s influence in arch-foe the United States’ back yard has unnerved Washington and its key Middle Eastern ally Israel amid speculation Venezuela and Bolivia might be providing uranium to Iran for its controversial nuclear programme.

Brazilian President Luiz Inacio Lula da Silva has backed Iran’s nuclear development programme as long as it is peaceful.

In his trip to Bolivia, which sits on South America’s second largest gas reserves, Ahmadinejad and his counterpart Evo Morales will hold a private meeting and sign bilateral agreements, La Paz has said.

And in Venezuela, the Iranian hardliner is expected to receive a warm welcome given his good relations with Chavez, as the two leaders are known for their populist economic policies and strong anti-US tirades.

Chavez, who also supports Tehran’s nuclear programme, has himself been a regular visitor to Iran since the presidency of Ahmadinejad’s predecessor Mohammad Khatami, the reformist president.

Source: SGGP Bookmark & Share

For Brazil, Olympics mean the future finally has arrived

In World on October 3, 2009 at 10:43 am

For the longest time, a joke about Brazil made the rounds in the halls of international financial organizations: Latin America‘s largest and most populous nation had a great future — and always would.

No one’s laughing anymore, as Brazil joined the ranks of the big-boy countries after Rio de Janeiro , a city known for sun and sin, was named the host of the 2016 Olympic Games on Friday.

The win, on top of an earlier award to host soccer’s 2014 World Cup, recognizes Brazil as one of the pillars of the global economy. It’s an amazing transformation, considering that just eight years ago it elected Luiz Inacio Lula da Silva , a fiery former union leader who critics warned would lead his nation into socialism, or, worse, communism.

It didn’t happen. Instead, Lula has become a global figure, aided by Brazil’s booming economy and recent discoveries of vast offshore oil deposits.

“It’s sort of a recognition that Brazil has arrived. That it is a global player, that it is a regional power, and it reflects a very impressive performance and progress in the country,” said Michael Shifter, the vice president of policy for the Inter-American Dialogue, a research center that specializes in hemispheric politics. “This is just a measure of its increasing stature and protagonism on the world stage.”

People celebrate after Rio de Janeiro was announced host of the 2016 Olympics at the Copacabana beach, in Rio de Janeiro.

Indeed, Brazil was front and center earlier in the decade when developing nations stormed out of global trade talks in the Mexican resort Cancun , drawing a line in the sand for emerging markets, which demanded that rich nations take their concerns seriously.

That effort culminated last month at a meeting of the Group of 20, composed of the world’s most developed economies. Leaders meeting in Pittsburgh agreed to do away with the old Group of Eight structure dominated by the United States , Japan and Europe , and instead create a new, larger mechanism that brings in big developing economies.

“No country has done so much, with so much, in such a short period of time,” said Jerry Haar , associate dean of the Florida International University College of Business in Miami . ” Brazil has really matured. It now has crossed the line and is a middle-class country.”

All the more remarkable given Brazil’s troubled recent past, which included a long and tortured rule by successive generals.

“This is one of the great stories in the world, of a country that had 21 years of military dictatorship, economic disorder, and today for all of its problems seems to be pursuing a productive course,” Shifter said.

Hosting the Olympic Games also will put Brazil and Rio under greater scrutiny, both for their long-standing crime problems in the mountainside slums, called favelas, and for their stewardship of the Amazon region, vital for the globe’s environmental health.

” Brazil has always responded well to external pressure, so I believe issues related to Amazon, to safety, to governance, people in Brazil know we will be under not a microscope but more attention,” said Paulo Sotero , a Brazilian who runs the Brazil Institute at the Woodrow Wilson International Center for Scholars , a research organization in Washington .

The Olympics are likely also to cement a long legacy for Lula, who helped bring down the dictatorship in the late 1980s and may go down as its most important contemporary leader.

“It seems almost like it is Brazil’s decade. Lula keeps saying it is Brazil’s century. … It sure as hell is a good start of a last year in office for Lula,” said Douglas Engle , a photographer and cameraman from Hendersonville, N.C. , who’s spent more than a decade working in Rio. “It really makes his legacy. Even people who complained about him must admit this is pretty good.”

Source: SGGP

Singapore, Brazil sign series of cooperation agreements

In Uncategorized on November 28, 2008 at 5:12 pm

Hanoi (VNA) – Singapore and Brazil have signed a series of agreements regarding trade, air services and technology during Singaporean Prime Minister Lee Hsien Loong’s first visit to the Latin American country.

Under the bilateral air services agreement, inked on November 26, Singapore carriers can operate up to 14 weekly passenger services, and seven weekly air cargo services between Brazil and Singapore, as can Brazilian carriers, Singapore’s Channel News Asia (CNA) reported.

Singapore Airlines’ chairman, Stephen Lee, said the agreement will pave the way for direct air links between the two countries.

Under the trade and investment promotion agreement, a joint committee will be formed to exchange ideas on promoting trade and business.

Meanwhile, the science and technology agreement will see both sides collaborating in areas such as microbiology and dengue control, with a view to developing a vaccine against the disease.

During their meeting, the Singaporean PM, who visited Brazil on November 24-26, and Brazilian President Luiz Inacio Lula Da Silva noted that developing countries have a role to play in stabilising financial markets and fostering global growth.

They also stressed that there is an urgent need to reform international financial institutions to give greater voice and representation to developing countries.

According to CNA, Singapore is Brazil ‘s biggest trade partner among ASEAN countries and the sixth-largest in Asia. Trade between both sides has grown steadily over the years. In the past five years, trade volume has surged by 230 percent, making Brazil Singapore’s largest trade partner in South America. –