China Vows New Brazil Trade Ties

ChinaDaily


BEIJING - China pledged to diversify its trade with Brazil and boost imports from South America's biggest economy, as Brazilian President Dilma Rousseff began her debut presidential trip outside Latin America on Tuesday.
President Hu Jintao shakes hands with Brazilian President Dilma Rousseff during a signing ceremony at the Great Hall of the People in Beijing on Tuesday. [Xu Jingxing / China Daily]

Earlier on Tuesday, Chinese and Brazilian companies signed 13 deals and cooperation documents. These included the purchase of 35 E190 planes by Chinese airlines from Brazilian aircraft manufacturer Embraer, worth about $1.4 billion.

The purchase will result in State-owned China Southern Airlines getting 20 of the planes and Hebei Airlines, a regional carrier based in northern China, getting 15. The aircraft can seat 98 to 114 people.

About 80 Embraer planes are currently in operation in China.

Embraer, the third largest global airplane manufacturer behind Boeing and Airbus, was also set to sign an agreement with the State-owned Aviation Industry Corporation of China to manufacture the firm's Legacy 600 business jet, Brazilian officials told AFP.

Brazil's national electric company, Eletrobras, and state-run energy giant Petrobras also signed deals with their Chinese partners.

The two presidents on Tuesday night also witnessed the signing ceremony of eight other cooperation documents, including one on defense signed by the defense minister and Brazil's foreign minister. No details of the agreements were released.

Hu said in the talks that "the China-Brazil strategic partnership has become a successful example of South-South cooperation and has an increasing global impact and strategic significance", according to a press release issued by the Foreign Ministry.