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Fri, Jul 30, 2010 13:00 GMT

BRAZIL/AFRICA: Economic ties may see steady growth

Brazil's President Luiz Inacio Lula Da Silva (L) and South Africa's President Jacob Zuma join hands during a news conference at the Union Buildings in Pretoria on July 9, 2010.

REUTERS/Thomas Mukoya


President Luis Inacio Lula da Silva has made eleven tours to Africa during his presidency, visiting 26 countries. Although few concrete gains have been achieved -- Brazil's exports to Africa have only risen from 2.4% of the total in 2000 to just over 5.0% in 2009 -- numerous companies now have operations in Africa for the first time and the seeds for steady growth have been sown. While Brazil's trade with Africa has doubled in the past ten years, that with China has increased tenfold in the same period. However, agricultural technology developed in Brazil is particularly appropriate for Africa. Brazilian mining and construction companies may also do better than those from China, as they give greater priority to employing local workers.

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