EPISODE · Jan 12, 2022 · 12 MIN
Brazil-China bilateral trade grows 44% and reaches US$ 125 billion in negotiations
from Ponto Ipea · host Ponto Ipea
The volume of trade and goods between Brazil and China reached US$ 125 billion in the first three quarters of 2021, or 44% growth compared to the same period in 2020. According to a study by Ipea with its Chinese counterpart, the Academy of International Trade and Trade and Economic Cooperation (Caitec), investments and bilateral agreements in the agricultural sector expanded the economic relationship between the two countries in 2021, and mitigated the impacts of the pandemic on the bilateral trade agenda. Between 2007 and 2020, Chinese companies invested $66 billion in Latin America. Brazil was the Brazil was the destination of 47% of Chinese investments. The main sectors that moved capital flows were: electric energy (48%), oil and gas extraction (28%), extraction of metallic minerals (7%), manufacturing sector (6%), infrastructure (5%), agriculture and related services (3%), and financial services (2%). The study draws attention to the importance of looking at the strengths and weaknesses in trade cooperation between the two countries. Listen to the Ipea Podcast on this subject with Ipea researcher Renato Baumann. Access the study by following the link: https://bit.ly/3xXUMv1
What this episode covers
The volume of trade and goods between Brazil and China reached US$ 125 billion in the first three quarters of 2021, or 44% growth compared to the same period in 2020. According to a study by Ipea with its Chinese counterpart, the Academy of International Trade and Trade and Economic Cooperation (Caitec), investments and bilateral agreements in the agricultural sector expanded the economic relationship between the two countries in 2021, and mitigated the impacts of the pandemic on the bilateral trade agenda. Between 2007 and 2020, Chinese companies invested $66 billion in Latin America. Brazil was the Brazil was the destination of 47% of Chinese investments. The main sectors that moved capital flows were: electric energy (48%), oil and gas extraction (28%), extraction of metallic minerals (7%), manufacturing sector (6%), infrastructure (5%), agriculture and related services (3%), and financial services (2%). The study draws attention to the importance of looking at the strengths and weaknesses in trade cooperation between the two countries. Listen to the Ipea Podcast on this subject with Ipea researcher Renato Baumann. Access the study by following the link: https://bit.ly/3xXUMv1
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Brazil-China bilateral trade grows 44% and reaches US$ 125 billion in negotiations
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