Brazzil Mag - Germans Consider Stepping Up Purchase of Brazil's High-Tech Goods

For the complete report from Brazzil Mag click on this link

Germans Consider Stepping Up Purchase of Brazil's High-Tech Goods

German minister of Economy, Michael Gloss, suggested that Brazil might increase its sales of high tech products and improve the quality of its export basket to Germany. Gloss talked during a press conference prior to the 2007 Brazil-Germany Economic Meeting being held, in the city of Blumenau, in the southern Brazilian state of Santa Catarina. "To me, Brazil is capable of exporting high technology as well. Embraer's aircraft, for instance, are renowned worldwide. The country is also capable of exporting cutting-edge products in other fields, such as computing, telecommunications, transport," Gloss told Brazilian and German journalists. On the other hand, the German minister stated that he also expects for sales of tool machines and other machinery and equipment from Germany to continue growing. "Furthermore, we expect to sell biofuel production equipment and more vehicles," he said.

Despite the optimism expressed regarding Brazil, Gloss claimed that trade relations between Germany and Latin America are much less dynamic than relations with Asian and Eastern European countries. "It is something that we intend to change. We want to encourage bilateral trade with Brazil and its neighboring countries," he said.