In the first ten months of 2022, Brazil exported 406 thousand car units, representing an increase of 32.4% compared to the same period in 2021. In this context, exports to countries such as Chile, Colombia, and Mexico stood out as the main export destinations for the Brazilian automotive industry.
Some Chinese firms have sought to localize to meet Brazil’s stringent local content requirements. This has yielded mixed results. Brazil must craft a long-term strategy for its economic relationship with China to increase the odds that bilateral engagement can advance in a new and more sustainable, mutually beneficial direction.
Why Brazil Sought Chinese Investments to Diversify Its Manufacturing Economy carnegieendowment.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carnegieendowment.org Daily Mail and Mail on Sunday newspapers.