Skip to main content

Common ground on investment but still no hint of Brazil signing up for China’s Belt and Road Initiative


Common ground on investment but still no hint of Brazil signing up for China’s Belt and Road Initiative

Brazilian president says two countries ‘born to walk together’ but offers no commitment to Beijing’s big infrastructure plan

Topic | Brazil

Laurie Chen

Keegan Elmer

Published: 11:15pm, 25 Oct, 2019

Updated: 3:26am, 26 Oct, 2019

Brazilian President Jair Bolsonaro met his Chinese counterpart Xi Jinping in Beijing on Friday, with both sides promising to improve bilateral investment but no commitment from Brazil to sign up to China’s Belt and Road Initiative.


Xi told Bolsonaro that China and Brazil should continue to support mutual development, give priority to the development of diplomatic relations and advance their “comprehensive strategic partnership”, state news agency Xinhua reported.


“This is our strategic decision and long-term choice. It will withstand the test of major global change, and will not be shaken or affected by external influences,” Xi was quoted as saying.


According to Xinhua, the two leaders acknowledged that the Belt and Road Initiative “may be linked” to Brazil’s own development initiatives. But Brazil did not make a clear commitment to sign up to China’s ambitious infrastructure and connectivity plan.

China has heavily promoted its trillion-dollar plan as a mutually beneficial deal to its various partners, but it has also drawn sharp criticism from countries like the United States that it is a “debt trap” for developing countries involved.


At a separate forum on Friday, Bolsonaro said China and Brazil were “born to walk together”, and the two governments were “completely aligned in a way that reaches beyond our commercial and business relationship”, according to Bloomberg.

Also at the forum, Vice-Premier Hu Chunhua said China was willing to increase its imports of agricultural and industrial goods from Brazil, and the two countries could deepen cooperation in areas such as infrastructure.


Get updates direct to your inbox


By registering for these newsletters you agree to our T&C and Privacy Policy

China-basher or bridge builder? What can we expect when Brazilian president visits Beijing?

As well as attending the Asia-Pacific Economic Forum in Chile, Xi is expected to visit Brazil next month for the annual BRICS Summit of leaders from major emerging economies.

Read More

European Union ‘won’t rush into trade deal’ with China

Read More

China President Xi Jinping to speak at Shanghai import expo next month in bid to offset US trade war worries

Read More

China to demand US remove tariffs in exchange for agricultural purchases in talks on Friday

China has been Brazil’s biggest trading partner for a decade and is its main source of foreign investment. Trade between the two reached a record high of US$100 billion last year, with China being the biggest buyer of Brazilian exports – mainly commodities such as soybeans, cotton and maize.


Brazil is poised to sell more soybeans to China amid the ongoing US-China trade war, and also hopes to increase exports of processed meat as China grapples with the devastating effects of an African swine fever epidemic.


In a joint statement on Friday, China and Brazil agreed to encourage more diverse bilateral trade.


Karin Costa Vazquez, a Fudan scholar at the Centre for BRICS studies at Fudan University in Shanghai, said the statement reflected Brazilian Vice-President Hamilton Mourão’s call in May for the two countries to trade a broader range of goods.


“The declaration confirms the understanding between Xi Jinping and Vice-President Mourão earlier this year, mainly with regards to increasing and diversifying Brazilian exports to China,” Vazquez said.


Bolsonaro’s three-day trip – his first to China – marked the 45th anniversary of the establishment of diplomatic ties between the countries.

Will pork imports from Denmark and Brazil save China’s bacon after African swine fever hits supplies?

But it also comes four months after he snubbed Xi by abruptly calling off a planned meeting on the sidelines of the G20 summit in Japan after his delegation had been kept waiting for too long.


The right-wing populist leader frequently attacked China during his election campaign last year, but after taking up office in January said he welcomed Chinese investment and trade.


“The various misunderstandings created around China at the beginning of Bolsonaro administration are a reflection of a structural problem in Brazil: our Eurocentric world vision,” Vazquez said.


“We have an outdated and stigmatised view of China ... We will have to wait and see how the BRICS Summit in November unfolds.”


Additional reporting by Keegan Elmer


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and