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Wen's Brazil visit conducive to closer ties
2012-06-26
Brief:Chinese Prime Minister Wen Jiabao visited Brazil, pledging to upgrade their bilateral ties to a comprehensive strategic partnership and enhance bilateral cooperation in various areas.
"The upcoming visit by Chinese Prime Minister Wen Jiabao to Brazil will lead to a closer partnership between the two countries. "said Clodoaldo Hugueney, Brazil's ambassador to China, "This visit is expected to yield concrete results as the two emerging economies have intensified their cooperation in trade and technology."

"We are still finalizing deals in a bid to extend cooperation in space industry, infrastructure construction, energy and other fields. The broad range reflects the nature of our cooperation," he said.

Agriculture becomes a very important sector and one where the two countries could expand bilateral trade volume, he said, adding that Brazil's agricultural products are very competitive. "We want to be a long-term supplier of meat and sausages to China, since Brazil is the largest meat exporter in the world," Hugueney said.

Brazil, one of the BRICS nations - which also include Russia, India, China and South Africa - has emerged as the closest country to China economically within the bloc.

Bilateral trade between China and Brazil has been growing 35 percent on an annual basis and reached $84 billion last year, China's Ministry of Commerce figures showed. China is Brazil's largest trade partner since 2009 due to huge exports in the energy and agricultural sectors. China is also the largest foreign investor in Brazil.

"There are great complementarities within our economies, because our natural resources can attract large Chinese investments, and we also need Chinese commodities," he said.

China Daily

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