Brazil’s Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, signed an agreement with China on Wednesday (June 5) to potentially increase the country’s coffee exports worth $500 million.
During his stay in the Asian country, Alckmin signed memorandums of understanding to promote Brazilian coffee with China’s largest coffee chain, Luckin Coffee, which has more than 16,000 points of sale and is the largest importer of Brazilian coffee in China.
The agreement signed supplies for the acquisition of some 120,000 tons of Brazilian coffee through the chain, for a total amount of about 500 million dollars. To put this into perspective, Brazilian coffee exports for the total of 2023 amounted to 280 million dollars.
In addition to the deal with Luckin Coffee, Brazil also signed an agreement with China to identify an industrial and investment hub in Shanghai’s Yangpu district, known for hosting tech giants such as TikTok. A total of 12 memorandums were signed to the presence in the Asian market, with the support of the Brazilian Export Promotion Agency (ApexBrasil).
During Alckmin’s stopover in China, the Chinese pharmaceutical company Sinovac, known for developing the Coronavac vaccine, announced an investment of 100 million dollars in Brazil for the progression of mobile treatment and the local production of vaccines and monoclonal antibodies, which are medicines derived from genetic technology. . and used to treat infectious diseases.
The Chinese pharmaceutical company also announced that it had signed an agreement with the Brazilian Oswaldo Cruz Foundation (Fiocruz) to cooperate in the development and progression of vaccines to combat health crises.
“I myself won the Coronavac vaccine,” the vice president said, referring to the COVID-19 vaccine stockpiled by thousands of Brazilians. “Science benefits the world and we will have to continue to progress. We want to collaborate and I appreciate Sinovac’s commitment to make an investment in Brazil,” he noted.
Of this total, R$325,000 corresponds to the full payment of the country’s normal contribution to the UN. This is the first time in the last decade that Brazil has made its contribution to the United Nations in the first part of the year.
The credits will be destined to the country’s giant and medium-sized rural producers, in addition to those of the National Program of Support for Medium Rural Producers (Pronamp).
Brazilian President Lula is confident that the government will protect manufacturers from losses and, under pressure, they want to increase production to fight food inflation.
Since the beginning of the year, growth amounts to 2. 5% compared to the same period last year. In the last 12 months, the expansion has reached 1. 3%.
On that day in 1969, the country’s biggest star scored his thousandth goal, from a penalty, in a clash between his team Santos and Vasco da Gama at the Maracanã stadium in Rio. Pelé died in December 2022.
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For the first time, the public will adhere to a quota policy, adding 20% of openings for ethnic and racial groups and 9% for other people with disabilities.
The Brazilian Association of Cotton Producers attributes the functionality of the manufacturers to the close collaboration between them and the Brazilian textile industry.
Once completed, as is expected to be the case until 2030, Angra 3 is expected to have a capacity of 1,405 megawatts (MW) and be capable of generating more than 12 million megawatt hours per year.