Brazil, Rio Olympic Bid
Already revelling in the glory and honour of hosting the 2014 FIFA World Cup, Brazil is now one step closer to fulfilling its last great dream – of hosting the Olympics. The 13 members of the International Olympic Committee visited Rio do Janeiro last week and left with a resounding nod of confidence to the Latin American hotspot. “Everything we saw here was positive” said Nawal El Moutawakel.
Escorted by footballing legend Pele and Brazil President Lula da Silva, the Olympic committee only have Madrid left to visit before casting their deciding votes in the next few months.
For Brazil it would be the greatest achievement and honour to host the two most prestigious global sporting events within 2 years; the FIFA World Cup and then the Olympics. More than this, success will only finally prove to the World that not only is Brazil now capable of handling such major events, but more importantly will give proof of the country’s continually surging popularity, importance and power on the global stage.
Brazil’s time as a leading global player certainly seems to be coming.
Brazil and China primary trading partners
Brazil is the World’s leading exporter in many extremely vital goods such as coffee, soya and iron ore. Due to being the Worlds 5th largest land mass and with a moderate climate apt for agriculture, these and other natural resources have increased Brazil’s trading relationship with China.
Total trade with China for April 2009 reached an all-time high of $3.2bn, topping Brazil’s trade with the US for the first time. China’s demand for soya beans, iron ore and also now fuel are expected to continue this excessive trade increase over the coming years. It is now truly evident that the “global credit crunch” is affecting these two future super-powers far less than more “developed” economies.
Indeed following the recent primary drilling by Petrobas, the Brazil state-owned petroleum company, in to what is believed the largest off-shore oil field, China’s demand for fossil fuels from Brazil is expected to rally also. President Lula de Silva visits Beijing this month to meet the Chinese Premier in the hope of acquiring funding for further solar and wind projects, with oil exploration in the Brazilian Santos Basin is expected sure to be high on Mr Lula’s agenda.
Either way the future trading relationship between Brazil and China is now secured and the countries are now certain to grow together with increased trade over the coming years.
