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Non-Tech : The Brazil Board

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To: Julius Wong who wrote (2349)4/10/2023 2:56:53 AM
From: elmatador  Read Replies (1) of 2508
 
Brazil-China Strategic Partnership

Apr. 09, 2023 10:26 AM

Summary

On March 29, 523 business representatives from the Brazil and mainland China gathered for the Brazil-China Economic Seminar in Beijing.Bilateral trade grew by 10.1% year on year in 2022 and reached a record USD150 billion.

Mainland China regards Brazil as its largest and most important "comprehensive strategic partner" in Latin America and is likely to continue to pursue deepening economic and political ties with the Lula government during President Xi Jinping's third term.

Failure to ratify the EU-Mercosur agreement would encourage increased Brazilian emphasis on its trade relationship with mainland China as an alternative export market.

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