13-Apr-2011 9:45 AM

China and Brazil sign 20 commercial agreements during Rousseff visit

China and Brazil signed over 20 commercial agreements on 12-Apr-2011 during Brazilian President Dilma Rousseff's visit to China, including 35 aircraft orders worth up to USD1.5 billion at list prices (Wall Street Journal/Xinhua/Shanghai Daily, 12-Apr-2011). The cooperation documents cover various areas, including the hi-tech, energy, aviation, education and agriculture sectors. China has in recent years become Brazil's largest trading partner, overtaking the US, and in 2010 was the largest investor in Brazil. Brazil, which mainly exports soybeans, iron ore and oil to China, is seeking to diversify the range of products it sells to Beijing.