Development of chinese-brazilian agri-food trade

Abstract

The article analyzes the Chinese-Brazilian trade in agri-food products. The importance and complementarity of bilateral trade flows are revealed; Brazil's growing inter- and intra-industry specialization in the supply of agricultural raw materials while maintaining a negative balance for the Chinese side. There was a significant lag between the net exporter and the importer in terms of the global food security index and the presence of a higher prevalence of malnutrition among the population. The decline in the already low share of agri-food products in total exports from China to Brazil is determined by the growth of domestic consumption of a variety of food products of domestic production and China's international specialization in the field of non-agricultural products with medium and high levels of added value. The main changes in tariff and non-tariff measures for regulating mutual trade have been identified. Emphasis is placed on the relationship between investment and trade policy of China, whose companies invest in the agro-industrial complex and infrastructure of Brazil in various forms, including international business mergers and acquisitions, construction from scratch, creation of joint ventures. The factors, risks and prospects of further development of the Sino-Brazilian agricultural trade are identified, taking into account the geopolitical effects of the possible substitution of large-scale purchases of soybeans from the United States with Brazilian supplies to China.