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Exports to Africa Boosted
A recent analysis by 'O Globo' newspaper shows that Brazil’s exports to Africa have been growing remarkably for some years. At the start of the Century the value of these was about US$1.35 billion per year but by 2011 the total had grown to not far short of ten times that figure!
According to commentators, this extraordinary increase has several linked reasons; the main one is seen as a more stable economy and society in much of the Continent. This has the knock-on effect of course of increasing countries’ available money to buy Brazilian goods. Another reason is the strenuous Brazilian effort to positively encourage links. For instance, during his eight years in Office, former President ‘Lula’ visited the Continent no fewer than twelve times.
Commenting on this situation, Mr. Carlos Abijaodi, director of Brazil's National Confederation of Industry ('CNI') said that he predicts that African demand for Brazil’s exports will increase to over 10% of the total. This situation will evolve more and more as African countries move ever more steadily away from trade with their old colonial rulers.
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