ISSN 2330-717X

China, Brazil To Promote Trade, Clinch Over 20 Deals


Chinese President Hu Jintao and Brazilian President Dilma Rousseff on Tuesday signed a joint communique after their talks in Beijing, which said the two countries will continue to promote cooperation in trade and investment, the official Xinhua News Agency reported.

The two countries vowed to expand mutual investment through the cooperation of companies, especially in the high-tech industry, automobile, energy, mining and logistics sectors, according to the joint communique carried by Xinhua.

BRIC Countries: Brazil, Russia, India and China
BRIC Countries: Brazil, Russia, India and China

The document also said dialogues between the two countries’ companies are of great importance to the development of bilateral trade and an economic relationship.

Separately, China and Brazil also clinched over 20 cooperation agreements on various areas, including the hi-tech, energy, aviation, education and agriculture sectors, said Xinhua, adding that Hu and Rousseff witnessed a signing ceremony for eight cooperation documents among them.

In terms of the cooperation between the two countries’ organizations and companies, China and Brazil announced 13 relevant cooperation deals in the fields of media, energy, education and aviation, among others.

Rousseff arrived in Beijing on Monday for her six-day state visit. She will also attend the third BRICS summit, a meeting of leaders from Brazil, Russia, India, China and South Africa, and the annual meeting of the Boao Forum for Asia, both slated for mid-April in China’s southern island province of Hainan.

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KUNA is the Kuwait News Agency

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