August 23, 2019
Latest News

China, Brazil agree to boost trade, cooperation

Beijing, May 23 (efe-epa).- The vice presidents of China and Brazil presided here Thursday over the fifth gathering of the Sino-Brazilian High-Level Commission (Cosban), in which the two countries agreed to boost trade and bolster cooperation in all areas.

The minutes of the meeting, to which EFE obtained access, said Wang Qishan and Hamilton Mourao "positively valued recent progress" in the bilateral relationship and discussed preparations for a new 10-year plan governing the nations' ties for the 2022-2031 period.

A day after Mourao expressed the need to "update" Cosban, which was created in 2004 "when trade was 11 times smaller," the two vice presidents on Thursday pledged to "improve its structure."

With respect to the sixth Cosban session, it has been confirmed that it will take place in Beijing and that Wang accepted his Brazilian counterpart's invitation to preside over the gathering once again.

The fifth meeting of the high-level commission - and first since 2015 - also ended with the promise that China and Brazil will facilitate trade and promote the exchange of high-quality imports and exports.

Mourao's complaint on Wednesday during his speech before the China-Brazil Business Council about the "persistence" of exports of low-value-added products to the Asian giant was taken up in Thursday's meeting.

The gathering ended with a commitment to "create the conditions to diversify and increase the value-added of the products sold by Brazil to China."

China has been Brazil's biggest trading partner since 2009, with the value of their bilateral trade amounting to $98.9 billion last year alone, according to official figures.

Also in the trade area, these two members of the BRICS (Brazil, Russia, India, China and South Africa) group of major emerging national economies agreed to "promote free-trade flows in the farm and animal products sector" with a view to Chinese pears and aquiculture products entering Brazil and Brazilian melons making their way to China.

The minutes of the gathering also mention other products that will be included on bilateral free-trade lists once sanitary requirements have been met: dairy products, pork parts, thermally processed beef, soy protein for animal feed, avian genetic material and bovine blood plasma.

Wang and Mourao said they were satisfied with an agreement that obviates the need for a World Trade Organization panel to settle a dispute filed by Brazil over China's alleged restrictions on Brazilian sugar imports.

The possibility of Brazil joining the massive Belt and Road Initiative, China's signature infrastructure program, also was a key item on the agenda during Mourao's visit.

No concrete announcements were made in that respect except for an acknowledgment of "possible synergies" between the two countries' development policies and investment programs.

Their ties, according to the minutes of the Cosban meeting, also will focus on "key bilateral projects" in areas such as energy and mining, infrastructure and logistics and agriculture, as well as space cooperation, with the possibility of new joint satellite projects.

Regarding the current global situation, the two leaders expressed support for multilateralism and free trade and opposition to protectionism.

They also said their countries have achieved stable development despite persistent challenges and global economic pressures.

Mourao's trip to China was a prelude to Brazilian President Jair Bolsonaro's scheduled visit to the Asian nation in the second half of the year.

Chinese President Xi Jinping, for his part, plans to visit Brazil in November to take part in a BRICS summit in Brasilia.

Mourao said that he will meet with Xi on Friday and deliver a letter with a political message from Brazil's president.


News history
Bangkok backpackers' mecca to be revamped by Thai authorities

By Gaspar Ruiz-Canela.

Myanmar's Rohingyas living in 'appalling conditions,' says HRW

Yangon, Myanmar, Aug 23 (efe-epa).- The Rohingya population in Myanmar’s Rakhine state is living in "appalling" conditions, while those responsible for the...

North Korea 'ready for dialog or standoff' with the US

Seoul, Aug 23 (efe-epa).- North Korea's foreign minister said Friday that his country is ready for both dialog or standoff with the United States, who he...

Tokyo asks Seoul to reconsider termination of military intel-sharing pact

Tokyo, Aug 23 (efe-epa).- Japan on Friday lamented the decision by South Korea to pull out of a bilateral military information-sharing agreement and asked...

US, Vietnam censure China for interfering in Hanoi’s territorial waters

Washington, Aug 22 (efe-epa).- The United States on Thursday accused China of interfering with Vietnam’s exclusive economic zone in the South China Sea and...

Trump returns to G7 with Johnson as ally, Iran and China on agenda

Washington, USA, Aug 23 (efe-epa).- The president of the United States will arrive at his second G7 Summit this weekend in Biarritz, France, with the new...

International community calls for saving of the Amazon, engulfed in fire

Bogota, Aug 22 (efe-epa).- The fires raging in Brazil's Amazon rainforest have fueled global fears of environmental devastation, the climate crisis and the...

Google deactivates hundreds of YouTube channels linked to Hong Kong protests

San Francisco, USA, Aug 22 (efe-epa).- Google reported Thursday that it had disabled 210 YouTube channels that were part of a coordinated attempt to post...

Brexit, US trade deal on Abe's agenda ahead of G7 summit

By Antonio Hermosín Gandul.

Mexican president: Legal sabotage being mounted against new airport

Mexico City, Aug 22 (efe-epa).- Mexican President Andres Manuel Lopez Obrador on Thursday complained that the political opposition has been engaging in...

4 dead, 100-plus injured by lightning in Poland

Warsaw, Aug 22 (efe-epa).- Four people, including two children, died on Thursday and more than 100 were injured by lightning strikes during a thunderstorm...

Brazil's president doubles down on criticism of NGOs operating in Amazon

Brasilia, Aug 22 (efe-epa).- President Jair Bolsonaro said Thursday that while he did not have evidence that non-governmental organizations were behind the...

Giraffes get protection on international trade for 1st time

Geneva, Aug 22 (efe-epa).- Giraffes were added on Thursday for the first time to a protection mechanism that restricts their international trade in response...

Protect Paradise, the hope to end plastic pollution in Venezuelan beaches

By Héctor Pereira

Hong Kong gov't: protesters ad campaign gross exaggeration

Hong Kong, Aug 22 (efe-epa).- A campaign launched by Hong Kong activists to rally international support for anti-Beijing protests that have gripped the city...

Macron: Irish backstop indispensable

Paris, Aug 22 (efe-epa) .- UK Prime Minister Boris Johnson met Emmanuel Macron in France Thursday for Brexit talks during which the French President...

Italy's president gives parties more time to form gov't

Rome, Aug 22 (efe-epa).- President Sergio Mattarella said Thursday that he will give Italy's political parties until early next week to try to form a new...

Seoul believes US, North Korea talks will soon resume

Seoul, Aug 22 (efe-epa).- Seoul on Thursday said negotiations between North Korea and the United States may resume soon, following a visit to South Korea by...

North Korea not interested in talks amid 'military threats'

Seoul, Aug 22 (efe-epa).- North Korea said Thursday that it was not interested in dialog while the United States and South Korea were engaged in "military...

Still unsafe for Rohingyas to return to Myanmar, Amnesty warns

Bangkok Desk, Aug 22 (efe-epa).- Human rights organization Amnesty International warned Thursday that it was still unsafe for members of the Rohingya ethnic...

Rohingyas refuse to return to Myanmar

Teknaf, Bangladesh, Aug 22 (EFE).- A second attempt to repatriate some 1,037 Rohingya refugee families who live in Bangladesh following a mass exodus from...

Police killings of civilians reaches new heights in Rio de Janeiro

Rio de Janeiro, Brazil, Aug 21 (efe-epa).- Rio de Janeiro recorded a 49 percent increase in civilian deaths at the hands of police in July compared to the...

Nur-Sultan, Aug 21 (EFE).- The foreign ministers of the five Central Asian countries met here Wednesday with US Under Secretary of State David Hale to...

Putin says Russia must respond to threat of new US missile

Helsinki, Aug 21 (efe-epa).- Russian President Vladimir Putin made an appeal here Wednesday to the United States to resume arms-control negotiations even as...

I agree Welcome to We use cookies to improve your online experience. Find out more.