The Brazilian Trade and Investment Promotion Agency published a report last week on investment opportunities in China. It highlighted meats, aerospace engineering and soya beans as three potential areas of trade growth.

According to the “Trade and Investment Opportunities in Selected Sectors of China” report, quoted by the Chinese Embassy in Brazil, demand for meat in China is growing, pushed by the rapid expansion of fast-food chains in the country. But currently only “10 percent of the Chinese population has access to Brazilian meats”, the report said.

China is also a major destination for Brazilian exports of aircraft, according to the report. China bought 88 aeroplanes worth US$2.7 billion from the South American country between 2008 and 2013.

Soya beans have already replaced iron ore as the major Brazilian export to China and there is further room for growth, the report added.

China is Brazil’s largest trade partner, despite a drop of 6 percent in bilateral trade last year, to US$77.9 billion.