Category: Brazil 🇧🇷

News from Brazil

JBS invests in electric trucks for cargo distribution in Brazil

JBS, the world’s largest meat producer, created a new business unit to rent electric trucks to distribute refrigerated cargo to retail. This initiative will support the company in its plan to reduce carbon emissions, as well as reduce logistics costs in the medium and long term.

China vetoes three Brazilian meat exporters

China’s General Administration of Customs (GACC) suspended imports from two Brazilian beef plants and a Brazilian poultry producer, according to a statement on its website.

BYD takes over transportation in Brazil

The Chinese company BYD, one of the most important companies in clean energy and electric vehicles, presented the first Brazilian-made electric articulated bus in the city of São José dos Campos, State of São Paulo, along with the first monorail train that will be part of one of São Paulo’s subway lines.

Banco do Brasil receives a loan from a Chinese bank

Banco do Brasil received a US$ 500 million (R$ 2,576.8 million) loan from the China Development Bank (CDB) through its subscriber in Grand Cayman. The loan was signed on January 12 and is the first such financing between the two banks.

Great Wall Motors and its investment in the Brazilian market

Following Great Wall Motors (GWM) official launch in the Brazilian market, the Chinese brand announced that it will invest some R$10 billion (US$1.85 billion) in Brazil to produce hybrid and electric vehicles.

Brazil and China reach WTO agreement on sugar imports

Brazil initiated a complaint in 2018 at the WTO challenging China’s “safeguard” measure on imported sugar, its tariff quota administration, and its “automatic import licensing” system for extra-quota sugar.

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