The presence of TNCs in the Brazilian pulp and paper sector has not been significant from a historical perspective. The FDI in this sector represented just of the FDI accumulated in Brazil in 2000. But since 2000 the sector has been receiving increasing influx of FDI. On average foreign investment in the sector increased from US$ millions per year between 1996-1999 to US$ millions per year between 2000-2004. This recent trend of the FDI into the Brazilian pulp and paper sector is probably connected to the general international trend for substituting long for short-fiber pulp that.
