Brazil and China sign cooperation agreement for trade and services

26 August 2016

The governments of Brazil and China in September plan to sign a cooperation agreement on trade and services during the next G-20 summit meeting, said the Presidency of Brazil.

The subject was dealt with by incumbent president, Michel Temer, with the Minister of Industry, Trade and Services, Marcos Pereira, on 17 August, at the Presidential Palace.

Minister Marcos Pereira told website Portal Planalto, of the Presidency, that the agreement to be signed with China is of great importance to Brazil, given the weight of the services sector in the economy, which is currently 58% of Gross Domestic Product (GDP).

The Brazilian Minister of Industry, Trade and Services last July visited Shanghai to discuss and settle the terms of the agreement with his Chinese counterpart.

The G-20 summit meeting is scheduled for 4 and 5 September in the city of Hangzhou, capital of Zhejiang Province. (macauhub/BR/CN)