. Earth Science News .
TRADE WARS
Brazil's Rousseff wants 'new phase' in China ties

by Staff Writers
Beijing (AFP) April 12, 2011
Visiting Brazilian President Dilma Rousseff on Tuesday called for a "new phase" in ties with China and urged the world's second-largest economy to buy more from her country than iron ore and soybeans.

Rousseff, who arrived in Beijing on Monday for her first major foreign trip since taking office in January, is looking to boost ties with China, which has in recent years become Brazil's largest trade partner and largest investor.

The two major emerging powers signed nearly two dozen agreements after talks between Rousseff and Chinese President Hu Jintao, including a deal for the sale of 35 Embraer E190 commercial jets to two Chinese airlines.

"Brazil wants to inaugurate a new phase in these relations -- a qualitative leap," Rousseff told a high-level dialogue on science and technology to kick off a jam-packed day of meetings with Chinese officials and top businessmen.

"We need to go beyond the complementarity of our economies (...) to encourage a dynamic, diversified and balanced relationship," said Rousseff, who travelled to China with about 300 business leaders.

She said the "challenge for the coming years" would be to transform Brazil's trade relationship with China to feature "higher value-added products" such as aircraft, not just agricultural products like soybeans, iron ore and oil.

China said it would "encourage companies to increase imports of high value-added products from Brazil", according to a final joint communique.

To that end, Embraer -- the world's third-largest airplane manufacturer behind giants Boeing and Airbus -- signed off on the sale of the 35 medium-range passenger planes to China Southern Airlines and Hebei Airlines.

Brazil's development, industry and commerce minister Fernando Pimentel refused to give a figure for the deal. With a list price of $40 million, the value of the deal would be $1.4 billion.

Chinese telecommunications maker Huawei Technologies announced it will build a research centre in the Sao Paulo area, with total investment of $300-400 million, Rousseff told reporters at day's end.

Brazil's state-run oil company Petrobras meanwhile signed exploration and development deals with Chinese giants Sinopec, Asia's largest refiner, and Sinochem, but no financial terms were disclosed.

The two countries also signed deals to boost cooperation in the energy and mining sectors, and voiced support for UN Security Council reform that would see increased representation for developing countries.

"The international situation is complex. Against this backdrop, strengthening the China-Brazil strategic partnership has important significance," Hu told Rousseff in their meeting.

China has in recent years become Brazil's largest trading partner, overtaking the United States, and in 2010 was the largest investor in the South American nation, pumping in about $30 billion.

Two-way trade, which totalled $2.3 billion in 2000, has grown quickly over the past decade, reaching $56.4 billion in 2010, according to Brazilian officials. From 2009 to 2010, trade increased a whopping 52 percent.

For China, Brazil is now an important source of raw materials -- oil, iron ore and soybeans account for 80 percent of Chinese imports and 90 percent of its investments in Latin America's largest economy, the world's number eight.

Rousseff on Wednesday was due to meet with Chinese Premier Wen Jiabao.

She and Hu will then join Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma on Thursday in the southern island province of Hainan for the summit of the BRICS grouping of major emerging powers.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Philippines seeks China investment in roads, rail
Beijing (AFP) April 12, 2011
The Philippines said on Tuesday it was seeking Chinese investment in airports, roads, ports and railway projects worth $12 billion as the country tries to improve its creaky infrastructure. Public works and highways minister Rogelio Singson - part of a government delegation visiting China - said Manila was drumming up investment for 25 projects, with 10 to be offered to foreign investors t ... read more







TRADE WARS
Japan PM says nuclear plant 'stabilising step-by-step'

Worst over, but dangers persist at Japan plant

Lost cash pours into police in quake-hit Japan

TEPCO boss tells Japan disaster zone: 'I'm sorry'

TRADE WARS
Researchers Find Replacement For Rare Material Indium Tin Oxide

Kindle e-reader cheaper with on-screen ads

Winklevoss twins lose Facebook appeal

Apple's iPad to remain top tablet in 2015: Gartner

TRADE WARS
South Africa's photo-op penguins show signs of decline

Ancient Corals Provide Insight On The Future Of Caribbean Reefs

Fish Farm Waste Can Drift To Distant Shores

Brazil says anti-dam protests unjustified

TRADE WARS
Sand Drift Explained

Russia Plans To Spend 195 Million Dollars On Antarctic Research Up To 2013

Human Impacts On The Marine Ecosystems Of Antarctica

U.N.: Arctic sees record ozone loss

TRADE WARS
Latin American Working To Rejuvenate Crop Collections

World food prices fall for first time in eight months

Cost Effective Manure Management

China milk activist 'force-fed on hunger strike'

TRADE WARS
Japan will 'never abandon' tsunami victims: PM

New 7.1 quake hits Japan as evacuation zone widens

Thousands defy Philippine volcano warnings

Four dead as new tremor hits Japan disaster zone

TRADE WARS
EU split over African migration's 'human tsunami'

Water cut off in Abidjan's 'human tragedy': UN

Both victims of Port Sudan raid Sudanese: Khartoum

167 foreigners leave Ivory Coast main city: French military

TRADE WARS
Pacific nations battle obesity epidemic

Elevated Levels Of Sodium Blunt Response To Stress

Hookah Use Widespread Among College Students

It's Not Over When It's Over: Storing Sounds In The Inner Ear


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement