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Brazil’s Ambassador to Canada Calls for Greater Trade Between Two Natural Resource Giants
By Simon Rees, Mining Weekly Mar 04, 2015
Brazil sought to boost the level of bilateral trade with Canada, particularly in the sphere of mining, the country’s ambassador to Canada Pedro Fernando Brêtas Bastos told audience members at the Brazil-Canada Chamber of Commerce mining breakfast on Monday.
The level of bilateral trade between the two nations reached $5-billion in 2014, up from $1.7-billion in 2000. However, this was down from a high of $6.5-billion achieved in 2012.
“But I see no reason why we shouldn’t equal or surpass that as the global economy recovers,” Brêtas Bastos said. "However, it’s up to us to make the effort and seize every opportunity.”
At the forefront of Brazil’s presence in the Canadian mining sector were steelmaker Gerdau and the mining senior Vale, which was currently focused on nickel mining and processing at several locations across Canada.
In the meantime, Brazil ranked eleventh for Canadian direct investment abroad, with many attracted by the country's vast resource potential.
Read Full Article on Mining Weekly »