The Brazilian government revealed it will send a “ministerial committee” with 200 entrepreneurs to Beijing in a demonstration of “relevance of the important Chinese ally” and with the goal to strengthen trade cooperation.
The team is headed by Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, landing in Beijing on June 4th.
As detailed at a press conference in Brasilia by the director of the department of China Russia and Central Asia, Pedro Terra, the Sino-Brazilian High-level Commission of Concentration and Cooperation (Cosban) will be held in Beijing, chaired by the vice-presidents of the two countries.
Brazil’s Vice-President Leads Delegation of Ministers to China
During the official visit, which runs until June 8th, bilateral agreements on consular, agricultural, investment and combating climate change will be signed.
The 200 Brazilian entrepreneurs will have as their main mission the trade reinforcement in the areas of agriculture, industry, finance, energy transition and capital markets.
“Agricultural trade with China is one of the most important axes of the bilateral relationship,” said Brazilian diplomat Pedro Terra, recalling that Brazil is China’s largest supplier of soy and corn. “Possibly agreements will be signed with China to expand access to the Chinese market,” he said.
China Looking to Take Bilateral Relations With Brazil to New level
In 2023, China was confirmed as Brazil’s largest trading partner and as the main destination of Brazilian exports, which grew 16.5% and reached USD 105.75 billion, almost a third of all Brazilian exports. Brazil’s trade surplus with China reached USD 51.83 billion.
This year marks 50 years of bilateral relations with China and Pedro Terra said that there is the possibility of a visit of the Chinese head of state, Xi Jinping, to Brazil, which would be “a very important milestone”.
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