Brazil expects China to become its No. 1 trade partner in the
near future, visiting Brazilian President Luiz Inacio Lula da Silva
said Wednesday in Shanghai.
The United States and Argentina are Brazil's top two trading
partners now.
"China and Brazil have plenty of market potential to develop
their foreign trade relationship," Lula said in a news briefing
Wednesday.
"I am very confident ... and I will be much more confident
toward the future (of the relationship between Brazil and China)
when I leave here," he said.
The president explained that Brazil can not only export
agricultural products to China but also some special
technology-based products, and that trade works both ways.
"China helped us send satellites to orbit and we, in return,
offered techniques to China in the manufacture of airplanes," said
Lula, noting Brazil also has advanced technology in development and
management of deep-water ports, which China needs.
He praised the cooperation between Shanghai-based Baosteel Group
and its Brazilian counterpart in steel manufacturing. He also
expressed his expectation that more joint ventures will be set up
between the two countries to promote bilateral trade.
During the Shanghai Conference on Scaling Up Poverty Reduction
Wednesday morning, Lula showed his determination in his opening
statement to realize poverty reduction through global
cooperation.
Since May 22, Lula has been on a maiden visit to China, leading
a mission of governors, ministers and 500 business chiefs.
During the visit, Brazil's state-owned oil company, Petrobras,
opened a Beijing office after agreements on partnerships in oil
exploration, production, refining and fuel sales. Both sides also
reaffirmed aerospace cooperation. China launches Brazilian
satellites and Brazil builds passenger jets in northeastern
China.
The two sides plan to set up a China-Brazil committee to
coordinate ties, headed by Chinese Vice Premier Wu Yi and Brazilian
Vice President Jose Alencar.
Shanghai Mayor Han Zheng will meet Lula Thursday. The Brazilian
president is scheduled to fly back home afterward.
(Shanghai Daily May 27, 2004)