RIO DE JANEIRO (Reuters) – The prospect of a mammoth $12 billion investment by iPhone maker Foxconn Technology Group has sent Brazilian government officials scrambling to rethink the country’s industrial policy.
The aim is to nurture a high-tech industry that will slash Brazil’s costly dependence on tech imports and create a complete production chain in Brazil to feed rampant demand for products like smartphones and tablet computers.
Forest vote getting tangled with Brazilian politics. Papers say troubled chief of staff Palocci is ceding ground to farm lobby. #forestcode
BRASILIA (Reuters) – Deforestation in the Brazilian Amazon surged in March and April, the government said on Wednesday, fueling criticism that a proposed law to ease land-use rules may be spurring illegal tree-felling.
Brazil’s Environment Minister Izabella Teixeira told reporters the government was creating a “crisis cabinet” to investigate the jump in destruction of the forest, which mostly occurred in the center-west farming state of Mato Grosso.
BRASILIA, May 16 (Reuters) – China moved to smooth its
lopsided economic relations with Brazil on Monday, saying it
was open to more Brazilian exports and that Chinese firms will
broaden their investments in Latin America’s largest economy.
A rapid expansion in trade and investment ties between the
two emerging market giants has brought tensions, especially
from Brazilian manufacturers who complain that cheap Chinese
imports are destroying their competitiveness.