Monday, May 18, 2009

Brazil's president arrives in Beijing

[South-South Cooperation] -- China, Brazil -- Al Jazeera

Lula arrives in China - [Reuters]

Brazil's president has arrived in China for three days of talks expected to focus on broadening ties between two of the world's largest developing economies and moves to decrease their dependency on the US dollar.

The visit by Luiz Inacio Lula Da Silva is his second in 12 months, highlighting the importance of China which recently overtook the US as Brazil's most important trading partner.

On Tuesday Lula will hold talks with his Chinese counterpart, Hu Jintao, as well as host a bilateral business forum and visit an aircraft factory.

Speaking ahead of the visit he said he was looking to the trip to promote "a new economic order", while an official from the country's foreign ministry said a theme of the talks would be a "reorganisation of the international scene".


Al Jazeera's Tony Cheng reporting from Beijing says the main point of discussion during Lula's visit will be on Brazilian energy resources which Beijing, with reserve funds to spare, was keen to exploit.


Brazil's two-way trade with China, one of the few economies still growing strongly despite the global crisis, reached $3.2bn in April, surpassing the $2.8bn trade total with the US.

So far this year, government data showed that Brazilian exports to China grew 65 per cent over the same period in 2008, rising from $3.4bn to $5.6bn.

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