A Chinese delegation from the government visited Brazil’s Ministry of Industry, Foreign Trade and Services (MDIC) in Brazil on Monday. The delegation discussed issues relating to the two countries’ bilateral trade and investment agenda for 2018 & 2019.
The delegation met to discuss Brazil’s industry 4.0 agenda, investments and scheduling meetings for 2019, when Brazil will chair the BRICS bloc.
Industry 4.0 according to Macauhub is a term relating to technologies and concepts for organisation of the value chain. “Within the intelligent and modular manufacturing factories of industry 4.0 cyber physical systems (CPS) monitor processes, create a virtual copy of reality and make decentralized decision” says Macauhub.
Brazil in 2017 exported approximately US$47 billion to China and imported goods worth US$27 billion from China’s market, which resulted in a surplus of more than US$20 billion for Brazil.