Brazilian government sets up working group to study trade relationship with China

9 March 2011

Brasilia, Brazil, 9 March – The Brazilian government has set up the China Group, which will be responsible for defining Brazil’s long term trading strategy with China, the executive secretary of the Ministry for Development, Industry and Foreign Trade said in Brasilia.

Alessandro Teixeira also said that the group would include technical staff from the ministries of Foreign Relations and Development, Industry and Foreign Trade and noted it was the first time that an inter-ministerial group had been set up to study the relationship with a specific country.

Cited by Agência Brasil, Teixeira noted that the Chinese market was a challenge in terms of partnerships and the search for niches for export, and the China Group was intended to propose innovative solutions.

Trade between Brazil and China in 2010 totalled US$56.3 billion, or US$20 billion more than in the previous year, with Brazil posting a surplus of US$5.1 billion mainly based on raw materials such as iron ore and soy. (macauhub)