The World Trade Organization reached on Thursday a landmark reform on its Government Procurement Agreement, opening 100 billion dollars of government contracts to foreign competition and paving the way for more countries, including China, to join the pact.
Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.
China moved to smooth economic relations with Brazil on Monday, saying it was open to more Brazilian exports and that Chinese firms will broaden their investments in the country.
China Trade Minister Chen Deming promised to further increase bilateral trade with Argentina which last year reached 13.5 billion US dollars but also asked for reciprocity regarding China’s exports.
Chinese trade figures released Thursday show a surprising deficit for February, as export growth slowed and import numbers remained strong. Chinese statistics released Thursday show that the country registered a trade deficit in February of 7.3 billion US dollars.