IBOV 170,592.26 ▼ 2.91% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL5.38▲ 0.57% USD/MXN18.65▼ 0.15% USD/CLP984.20▼ 0.03% USD/COP3,157▲ 0.26% USD/PEN3.45▲ 0.21% USD/ARS1,538▼ 0.05% USD/UYU40.21▲ 3.49% USD/PYG5,818▲ 4.31% USD/BOB11.92▲ 3.69% USD/DOP60.75▲ 1.08% USD/CRC451.45▲ 2.36% USD/GTQ7.64▲ 3.21% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES885.90▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.89▲ 2.64% USD/TTD6.75▲ 2.53% EUR/BRL5.99▼ 0.14% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 170,592.26 ▼ 2.91% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Brazil Business - Brazil

Brazil to Waive Visa Requirements for Chinese Visitors to Brazil

By · October 25, 2019 · 2 min read

RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro said on Thursday, October 24th, that he would exempt the Chinese from visa requirements to enter Brazil for tourism or business.

At first, there will be no reciprocity. A similar measure has already been announced for citizens of the United States, Japan, Australia and Canada. The next country should be India.

Initially, there will be no reciprocity in the waiver.
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According to Chancellor Ernesto Araújo, there is no deadline, because there should be strong demand. China has a population of approximately 1.39 billion people.

Today Chinese wishing to travel to the country need to go to one of the three Brazilian consulates in China, located in Beijing, Shanghai, and Guangzhou.

The measure was first announced to China’s industry “heavyweights”.

Bolsonaro met in Beijing with 19 CEOs of major Chinese companies in sectors such as retail, aviation, infrastructure, agriculture and entertainment, including Wang MingQiang, CEO of Alibaba, Feng Yong Fang, CEO of CRCC Investment Group (infrastructure), and Yu Songho, CEO of the HeRun Group, one of the largest soy importers in China.

The meeting was organized by the president of FIESP (Federation of Industries of the State of São Paulo), Paulo Skaf, who invited companies with which the organization maintains relations.

Bolsonaro also used the opportunity to point out to the Chinese that now, after the approval of the Welfare reform, Brazil is “solvent”, which will provide predictability to their businesses.

The meeting was very formal and lasted about half an hour. The Chinese businessmen presented their businesses and discussed their desire to invest in Brazil.

Bolsonaro’s openness to Chinese investment represents an important change in attitude in relation to the discourse adopted in the electoral campaign. At the time, the then-candidate even stated that “China was not buying in Brazil, but rather buying Brazil”.

The Brazilian far-right, led by Olavo de Carvalho – known as Bolsonaro’s “guru” – does not take a positive view of the rapprochement between Brazil and China.

In January of this year, a committee of deputies visited China to get to know the country’s security systems using facial recognition and was harshly criticized by de Carvalho, who dubbed the deputies as “rednecks” and “semi-illiterate”.

Despite resistance from his voters, Bolsonaro has adopted a pragmatic approach and conveyed to the Chinese the message that Brazil is open to business opportunities.

China is Brazil’s largest trading partner. From January to September, trade between the two countries totaled US$72.8 billion. In 2018, it was US$98.8 billion – a record.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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