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Transcripts For BBCNEWS BBC News 20240706

the presidents of brazil and china are due to hold talks in beijing shortly. luiz inacio lula da silva and xijinping are expected to sign trade deals. they will also discuss the war in ukraine. our correspondentjoao da silva has the latest from singapore. well, we don t know the exact contents of the agenda, but, as you mentioned there, there is at least a couple of issues that are likely to make it into the talks. first, of course, it is trade and investment. the brazilian side has said they expect to sign more than 20 bilateral agreements. it signals their desire to strengthen economic relations with china. president lula who was returned to power only a few months ago knows he needs brazil s largest trading partner if he is to deliver on his promises to fight poverty and to really boost brazil s stagnant economy. and china, it is also interested in consolidating trade ties with brazil. beijing is facing growing tensions with the us which is its largest trading partner, and

Transcripts for BBCNEWS BBC News 20240604 08:33:00

president xijinping coming down beijing, there we have, that is president xi jinping coming down the steps on the red carpet, and i suspect preparing to meet president lula who is also travelling with his wife. this is the state visit that kicked off on wednesday, so president lula expected any moment now i suspect. in the meantime, as we watch these events unfold from beijing, i am going to speak to. larissa wachholz is a senior fellow with the brazilian center for international relations. she is in beijing with the brazilian delegation and joins us now. thank you very much for taking the time to speak to us. how important is this visit for both countries? it is this visit for both countries? it is very important indeed, not only brazil has a new government that would like to show their priorities

Brazil s Lula to visit China; More comprehensive cooperation to be reached, also eyeing participation in BRI

After recovering from pneumonia, Brazilian President Luiz Inácio Lula da Silva will reportedly visit China from Tuesday to Friday, and experts said the visit will greatly raise bilateral ties to a higher level with more comprehensive cooperation in not only traditional areas like trade and investment, but also fields like finance, anti-poverty, cooperation under the frame of the Belt and Road Initiative (BRI), as well as joint mediation over the world-concerned Ukraine crisis.

Brazil concerned with the concentration of its foreign trade: few products and volumes mostly to China

In the last ten years, up until 2021, Brazilian export to China grew at a greater rate that those to rest of the world. From 2012 to 2021, China’s importance as an export destination for the five regions in which Brazil is divided grew exponentially, and of the 27 federal states, 21 saw their sales to China grow above the expansion of their sales to the world. In the period, however, the export basket was negatively concentrated around a few primary products.

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