Brazilian and Chinese authorities are evaluating the construction of a railroad to the Chancay mega-port in Peru through Acre, near Bolivia, to Bahia on the Atlantic coast, which would reduce the maritime trade distance to Asia by approximately 10,000 kilometers while easing reliance on the congested port of Santos, Planning Minister Simone Tebet explained.
China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.