Photo: Michel Temer
Brazilian Vice President Michel Temer and Chinese counterpart Li Yuanchao met Thursday to review bilateral relations and examine how to bolster economic ties.
During their meeting at the Great Hall of the People, Temer expressed Brazil’s interest in attracting greater Chinese investment.
China, Brazilian officials say, is eager to invest in infrastructure and finance new projects in the South American nation.
The two vice presidents also discussed bilateral cooperation in technology and fishing and China’s ban on Brazilian beef imports.
Li said that latter issue was current “being reviewed,” the Brazilian officials said.
Temer headed a Brazilian delegation that took part Wednesday in a session of the China-Brazil High-Level Coordination and Cooperation Committee in Guangzhou.
Among other agreements, the two countries signed a protocol for $4 billion worth of Chinese imports of Brazilian corn. The two countries also signed an agreement that extends bilateral space cooperation for 10 years.
On Friday, Temer is scheduled to attend the inauguration of the Brazil-China Business Council and meet with Brazilian and Chinese agriculture executives in a gathering promoted by the National Confederation of Agriculture and Livestock of Brazil.
China has been Brazil’s leading trade partner since 2009 and one of the main sources of foreign direct investment in the South American country.
Bilateral trade amounted to $75.4 billion last year, nearly 20 times more than in 2002.