China and Brazil analyze bilateral trade relations in Brasilia

11 April 2007

Brasilia, Brazil, 11 April – The Chinese Vice Minister for Foreign Affairs in charge of Latin America, Yang Jiechi, is in Brasilia where he has been meeting with Brazilian officials in order to carry out an assessment of bilateral trade relations.

The two countries have been in meetings since Monday to examine the performance of the initiatives agreed at the Chinese-Brazilian High Level Commission for Coordination (Cosban), which took place in Beijing in March of last year.

According to the Brazilian Foreign Relations Ministry, Brazil-China trade rose from US$12.1 billion in 2005 to US$16.4 billion last year.

Brazil exported US$8.4 billion in goods to China in 2006, against US$6.8 billion in 2005 and imports rose from US$5.3 billion in 2005 to US$8 billion in 2006. (macauhub)