| Brazil eyes top trade partnership |
| Last Updated(Beijing Time):2008-07-11 10:12 |
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Brazil aims to make China its biggest trade partner.
A Brazilian trade official said on Wednesday his country wants to triple its China exports to US$30 billion in 2010.
Welber Barral, Secretary of International Trade with Brazil's Ministry of Development, Industry and Trade, said the country was seeking more trade opportunities with China and a larger market share for its products in the mainland market.
"Trade between Brazil and China has been rapidly expanding in recent years, and we hope to keep the same, even faster growth," he said at a seminar in Beijing.
China is now Brazil's third-biggest trade partner, while Brazil is China's top trade partner in Latin America.
Sino-Brazilian trade volume soared 10-fold between 2000 to 2006, mostly in the fields of farm produce and raw materials, Barral said.
There remained huge potential for the two countries to expand the scale and optimize the trade structure, said China's Vice Minister of Commerce Ma Xiuhong at the seminar.
"We can complement each other a lot in science and technology, industry, agriculture and natural resources."
Brazil's official figures show its China exports totaled US$10.75 billion in value in 2007, with imports from China reaching US$12.62 billion. It was the country's first annual trade deficit with China in a decade. Trade volume between the two countries hit a record US$29.7 billion last year. |
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