Uruguay and China signed a historic agreement enabling the South American country to export rapeseed and soybean meal. The phytosanitary protocol ensures safety, inspection, and traceability standards for these high-protein products, which are much in demand for animal feed in Asia.
Add your comment!Peru has joined Brazil and China's transcontinental railroad project to connect the Pacific coast with the Atlantic Ocean across South America, offering an alternative trade route to the Panama Canal. This railway aims to facilitate the transport of Brazilian goods, such as soybeans and minerals, to China’s Shanghai port via Peru’s Chancay port, reducing maritime trade distance by about 10,000 km and easing reliance on Brazil’s congested Santos port.
Add your comment!Brazil's Labor Ministry (MPT) has filed a public civil lawsuit against Chinese automaker Build Your Dreams (BYD) and two contractor companies, China JinJiang Construction Brazil and Tonghe Intelligent Equipment of Brazil (now Tecmonta), for slave labor and international human trafficking.
Add your comment!Brazil's Central Bank (BCB) and the People’s Bank of China (PBoC) signed a currency swap agreement Tuesday worth R$ 157 billion (US$ 28 billion). The arrangement is valid for five years.
During Wednesday's encounter with his Chilean colleague Gabriel Boric Font in Beijing at the IV Community of Latin American and Caribbean States (CELAC)-China ministerial Forum, Chinese President Xi Jinping highlighted the importance of South-South cooperation in a controversial world. He also recalled that the occasion marked 55 years of diplomatic ties between the two countries.
Brazil and China released two joint statements Tuesday following a meeting between Presidents Xi Jinping and Luiz Inácio Lula da Silva and other encounters in Beijing.
Brazilian President Luiz Inácio Lula da Silva is to meet Monday with executives from two major Chinese companies. Later in the day, he is to hold an encounter with representatives from the health sector and sign a series of agreements before closing the Brazil-China seminar. He is currently in Beijing on an official visit to strengthen business ties.
Venezuela is turning to its geopolitical allies, Russia and China, to counter a deepening economic crisis, as the South American nation faces dwindling oil revenues, runaway inflation, and a severe currency devaluation.
Brazilian President Luiz Inácio Lula da Silva will be travelling to China next month for the Summit between the Asian country and the Community of Latin American and Caribbean States (Celac) between May 12 and 13, it was announced by the Planalto Palace. Lula's second official trip to China during his third term will follow his attendance at Russia's Victory Day celebrations on May 9, marking the 80th anniversary of the Soviet Union's triumph in World War II.
A brand-new Boeing 737 MAX intended for China's Xiamen Airlines was returned to the aircraft manufacturer due to escalating trade tensions driven by US President Donald Trump's tariff war. Trump raised tariffs on Chinese imports to 145%, prompting China to impose 125% tariffs on U.S. goods, making delivery of these aircraft financially unviable for Chinese airlines.