MercoPress. South Atlantic News Agency
China and Brazil agree to further expand their strategic partnership
Presidents Rousseff and Ju Hintao toast at the Great Hall of the Peoples (Photo AP) China and Brazil on Tuesday clinched a host of government agreements and economic deals in Beijing to enhance their strategic partnership as Brazilian President Dilma Rousseff paid her first state visit to China.
After two-hour-long talks in the Great Hall of People in Beijing, Chinese President Hu Jintao and Rousseff witnessed the signing ceremony of eight cooperative agreements in areas like defence, technology and sports.
The two countries also announced that they have inked 13 economic deals during Rousseff's visit, her first state visit to China since she took office in January, which includes a purchase order for 35 Brazil's Embraer 190 commercial jets, a deal totalling 1.4 billion US dollars.
The two heads of state also signed a joint communiqué highlighting their “broad consensus” on areas ranging from trade to global governance.
Rousseff hoped that “Brazil-China ties could see a qualitative leap” by advancing bilateral strategic partnership and promoting exchanges and cooperation in such areas as trade, investment, finance, technology, agriculture, infrastructure, mining and culture.
Closer trade and economic cooperation has been high on the agenda during the China visit by Rousseff, accompanied by a 300-strong business delegation.
China became Brazil's main trade partner in 2009, with bilateral trade exceeding 56 billion US dollars in 2010. Last year China also became Brazil's largest investor.
On broader China-Brazil ties, President Hu and Rousseff agreed to further their strategic partnership, which was established in 1993. Brazil was the first developing country to establish strategic partnership with China.
“China-Brazil strategic partnership has become an example for South-South cooperation,” said Hu. The two heads of state also agreed to strengthen coordination and cooperation in international arena.
Hu said that China would enhance strategic coordination with Brazil in international affairs and better deal with global challenges like climate change and sustainable development in a bid to push forward the world political and economic order in the direction of benefiting the developing countries.
Rousseff said her country would like to see more coordination with China on such issues as trade, finance and environmental protection as well as within the framework of such multilateral organizations like the United Nations and the G20.
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Read all commentsThis Rousseff lady is pretty impressive to say the least. She is gonna take Brazil upwards and onwards. Good news.
Apr 13th, 2011 - 03:34 pm 0[1] “China-Brazil strategic partnership has become an example for South-South cooperation,” said Hu.
Apr 13th, 2011 - 07:43 pm 0I don’t like this.
China is NOT a Developing Country wrt world trade.
China is not a member of The South – either geographically, or socially. This is disingenuous.
[2] ‘Hu said that China would enhance strategic coordination with Brazil in international affairs . . . . .’
I don’t like this.
This is setting up Brasil against the USA, and can only spell trouble.
‘. . . . . and better deal with global challenges like climate change’
I can see what’s coming:
(i) China will be selecting key strategic partners with which to offset Carbon. Carbon money will flow selectively to ‘favoured partners’ with rainforests.
(ii) The strategic partnership will mutate into ‘preferred partner’ for new ‘forest product’ biochemics, etc., where Brasil, as the host country can gain huge cash inflows by playing the OPEN market under REDD+ and the Biodiversity Agreement of Cancun.
[3] ‘. . . .which includes a purchase order for 35 Brazil's Embraer 190 commercial jets, a deal totalling 1.4 billion US dollars.’
Good, in itself:
But how many times have we seen Chinese money buying advanced technology, reverse engineering it to ‘see how it flies’, etc, and the product quickly becoming part of the Chinese portfolio – with the inevitable decline of the parent industry in the country from which it was originally purchased.
But aircraft sales are aircraft sales, and appear on the balance sheet of the larger trade agreement as a definite positive.
Yes, I know, I’m an old sceptic; but being old means I’ve seen it all before and recognize things for what they REALLY are.
. . . . . . Time to read the small print . . .
No Geo, you're an old baby boomer brain dead figure (Baby boomers who were propped up with that yeah we're number one, left vs right and know it all propagande at their government school) that simply can't or just doesn't want to understand that the US doesn't matter anymore. The're finished.
Apr 13th, 2011 - 10:06 pm 0“China is NOT a Developing Country wrt world trade.”
Who ones the so called largest economy of the world?
Ahh yes, China.
While China is developing rapidly, The US is crumbling rapidly.
“ I’ve seen it all before and recognize things for what they REALLY are.”
Really, tell us more.
Time to read the small print
Tell that more to Patty Obozo who later has to borrow more money from China when the FED stops buying it's own crap.
Here some quotes for you and see who does know why China matters but have to be carefull...one is from Lula da Silve and one is from our good old friend George Bush.
“China is a threat, but we got to do business with them”
“China is our friend, and we are committed to making the most of China's accession to the WTO.”
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