World Trade Center Shenyang and World Trade Center Sao Paulo held an online meeting on May 25 to discuss the upcoming "Asia For Business" Forum.
For 11 years in a row, China has been Brazil's largest trading partner and one of the largest investors in Brazil. Brazil is also China's largest trading partner, second largest export destination and largest source of imports in Latin America. During the COVID-19 pandemic, economic and trade exchanges between Brazil and China increased rather than decreased. Last year, Brazil's trade surplus with China reached a record high, with bilateral trade volume of US $119.04 billion, up by 3.1% year on year. China's main exports to Brazil include electrical machinery, machinery and appliances, organic chemicals and other products, and imports include iron ore, soybeans, crude oil and so on.
During the one-hour meeting, both WTCs briefly introduced local cultures, industry resources, measures to fight against COVID-19, post-pandemic economic trends, investment opportunities and trade prospects of the two countries, and exchanged ideas on the upcoming "Asia For Business" Forum. Both agreed to invite leading companies, government officials, trade experts and investors from the two countries to discuss the market, investment and business opportunities in Asia. The WTCs hope to promote trade between the two countries through this forum, realize trade and investment cooperation, expand trade scale and diversify products, and further improve their economic and trade relations.