Trade Agreements Between China And Brazil

Since taking office in 2018, Bolsonaro has shuttled between the extremely critical attitude towards China he has championed and a conciliatory approach that reflects the importance of economic and trade relations between the two countries. His foreign policy team, led by Foreign Minister Ernesto Araéjo, marks a radical break with Brazil`s recent diplomatic tradition. The Bolsonaro administration abandoned Brazil`s traditional foreign policy policy and adopted a very pro-American government. mimic the Trump administration`s international policy, even after the United States announced the transfer of its embassy in Israel from Tel Aviv to Jerusalem, prompting strong criticism from Brazilian agricultural exporters who are concerned about Arab world markets.13 This trend is considered by government officials to be «adults in the region.» , led by Vice President Hamilton Mouro, a former army general, including Economy Minister Paulo Guedes and Agriculture Minister Tereza Cristina. The economy, particularly the agricultural sector, is not a policy that would disrupt trade relations with China, especially since it is unlikely that the United States will open up to imports of Brazilian agricultural and mining products.14 In 2016, two BRICS members, the trade representatives of the five members, including Brazil and China, agreed to launch investments among members. , updating trade ports and promoting free trade. China and Brazil have individually concluded a cooperation agreement that would focus on several economic sectors, including infrastructure development, financial services and tourism. [26] In 2017, $20 billion, focused on infrastructure development in Brazil, was implemented, to which China will contribute 75% of the fund. Chinese banks focus mainly on energy infrastructure. [27] Trade between China and Brazil reached nearly $80 billion in 2014.

China is developing its economic relations with Latin America, and Brazil is entering this category.