CHINA and Brazil are increasing economic cooperation in agriculture, infrastructure and investment as key partners in shaping the future of the Global South, reports Caixin.
At the April 25 Brazil-China Economic Summit, officials from both countries pledged to strengthen ties, as growing friction between the United States and china fuels demand for more resilient and diversified trade relationships.
Said Dilma Rousseff, president of the New Development Bank and former president of Brazil: 'In the face of de-globalization, China and Brazil must jointly uphold multilateralism and demonstrate the benefits of win-win cooperation.'
Brazilian officials described the current climate as a 'golden window' in which to expand bilateral trade. Since 2009, China has been Brazil's largest trading partner. In 2024, trade volume hit CNY1.34 trillion (US$184 billion), up 4.6 per cent from the previous year, according to Chinese customs data.
SeaNews Turkey
At the April 25 Brazil-China Economic Summit, officials from both countries pledged to strengthen ties, as growing friction between the United States and china fuels demand for more resilient and diversified trade relationships.
Said Dilma Rousseff, president of the New Development Bank and former president of Brazil: 'In the face of de-globalization, China and Brazil must jointly uphold multilateralism and demonstrate the benefits of win-win cooperation.'
Brazilian officials described the current climate as a 'golden window' in which to expand bilateral trade. Since 2009, China has been Brazil's largest trading partner. In 2024, trade volume hit CNY1.34 trillion (US$184 billion), up 4.6 per cent from the previous year, according to Chinese customs data.
SeaNews Turkey
