At the invitation of President Luiz Inácio Lula da Silva of the Federative Republic of Brazil, President Xi Jinping will travel to Rio de Janeiro from [specific dates] to attend the 19th Summit of the Group of Twenty (G20) leaders and pay a state visit to Brazil.

Brazil is the largest economy in Latin America, a member of the G20 and BRICS, and has a certain level of regional and international influence. The political situation in Brazil is stable, its legal system is relatively well-developed, it possesses abundant natural resources and human resources, has a relatively complete industrial base, a well-developed service sector, and significant economic development potential.

In recent years, the scale of Chinese enterprises' investment in Brazil has been continuously expanding, covering various fields such as oil, electricity, new energy, infrastructure, agriculture, manufacturing, communications, and e-commerce. China has become one of the important sources of investment for Brazil.

Investment Attraction

【Characteristics and Advantages】Brazil boasts vast territory, abundant resources, and is the largest economy in Latin America with significant development potential. Its multicultural nature allows its people to accept foreigners with different customs and live harmoniously, with little xenophobia or racial discrimination. Foreign-owned or joint venture enterprises in Brazil enjoy national treatment. Foreign investment generally does not require central bank approval, only a declarative registration with the central bank. Foreign investment income is subject to taxation according to law, and distribution and repatriation are not restricted; Brazilian states have the authority to formulate incentives for local development and attracting foreign investment, providing certain tax reductions or free land transfers to foreign enterprises.

【Global Ranking】 According to the "Global Business Environment Report" released by the World Bank, Brazil's business environment score ranks in the global economies. The "World Investment Report" published by the United Nations Conference on Trade and Development in shows that Brazil attracted $ billion in foreign direct investment in , rising from the place in to the place globally. The "Annual Global Innovation Index" released by the World Intellectual Property Organization indicates that among countries and regions, Brazil's comprehensive index ranks place.

【Digital Services】Government information is highly transparent, with various bidding information available through federal and local government websites. Various policies and regulations can also be found on official websites of government departments, the Official Gazette, and legislative websites. In federal government services, % have been digitized.

【Government support for enterprise innovation and development initiatives】 Brazil's policy tools for supporting enterprise innovation can be categorized into direct funding, indirect funding (tax incentives), technology promotion training and consulting, international cooperation promotion, and innovation encouragement. The main legal basis for universal policy tools is the "Good Law," while differentiated policy tools are based on the "Information Industry Law" and relevant industrial policies for specific sectors.

Preferential Policies for Foreign Investment

The constitutional amendment eliminated the distinction between foreign and local capital, ending preferential treatment for companies using only local capital (such as tax incentives, priority in bidding). To encourage development in the northern and northeastern regions, the Brazilian federal government established the Manaus Free Trade Zone, offering income tax incentives to businesses within the zone.

The preferential policies provided by some state governments in Brazil mainly include: (1) Tax incentives: State governments return the % turnover tax that enterprises should pay on the sale of products in the form of low-interest loans, exempt turnover tax on imported raw materials and components for processing, and exempt turnover tax on imported machinery and equipment for investment; (2) Land preferential policies, such as state development companies selling land at prices lower than the market rate.

The preferential policies provided by some municipal governments in Brazil include: exemption from factory tax, urban property tax, and real estate transfer tax for a certain period; refund of business turnover tax in the form of low-interest loans.