Yu Yanhua, assistant general manager of Shanghai Airlines Bureau and general manager of Overseas Business Department, said recently that the company will continue to diversify its business in the Brazilian market in the future.

The celebration of the 20th anniversary of SAA's entry into the Brazilian market was held in Rio de Janeiro. Yu Yanhua said at the celebration that Brazil's ports, on the whole, could not fully meet the needs of Brazil's economic development. At present, Brazil's economy is beginning to recover and the demand for ports will further expand. With the expansion of Brazilian ports, Brazilian markets will have more opportunities, including port construction, dredging and dredging. Water environmental protection projects and road and bridge construction will also be actively carried out.

Li Yang, China's Consul General in Rio, said at the celebration that as the world's top enterprise in related fields, he looked forward to more contributions from China Jiaotong Airport Administration to promote Brazil's economic and social development.

At the end of 1999, SAA and a Brazilian dredging company entered the Brazilian dredging market by signing a one-year dredging contract in Caracas, Venezuela. Since then, enterprises have operated in several ports in Brazil, helping trade between China and Brazil.

It is reported that SAA Brazilian company has also extended its business to Argentina, Uruguay and other South American countries while plowing the Brazilian market.