The Deputy Prime Minister of China, Wan Qishan, met today with Brazilian president Dilma Rouseff to broaden bilateral relations in terms of trade in the face of the difficult economic situation, quoted EFE. At the meeting, both leaders analyzed their political and trade relations, as well as joint participation in issues related to finance, agriculture, energy, science, health, technology and education, among others.

Deputy Prime Minister Wan explained that “in the current economic situation, China intends to make progress in their relationship with a strategic partner such as Brazil and to increase trade exchange, which last year stood at 77,100 million dollars (around 58,500 million euros)”. On the other hand, the vice-president of Brazil, Michel Temer, emphasized that China has been Brazil’s main trading partner since 2009, although they expect to be able to further the exports of value-added products.

The fact that the value of the trade between China and Brazil grew 36.7% between 2010 and 2011 was also highlighted; an aspect largely brought about by the rise in prices of raw materials which are the basis of Brazilian exports. Since China and Brazil have great industrial assets and a high degree of diversification, Temer indicated that “we believe it is possible to give a new dimension to a relationship which although solid still has a lot of room for growth and to do it with quality”.

Experts had already pointed out that the great diversification of Latin American countries such us Brazil enabled them to survive the economic crisis better, an aspect which places it in a better position for the coming 10 years, owing to its correct macroeconomic policies. These new agreements of China as a trade partner with Brazil have enabled them to diversify their investment, more focused on Europe and the US.

According to this project, it is important to remind that Singapore Airlines is connecting both continents via Barcelona. Also Iberia flies to Sao Paulo from Barcelona. Both flights were launched in 2010 and they are working very well. Even Singapore Airlines is planning to increase frequencies.


Source: Global Asia /BARDC


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