Brazil and China are enhancing their ties by extending tourist and business visas to ten years.
This significant move doubles the previous limit and marks a major development in their diplomatic and economic relationship.
In 2023, Brazil welcomed approximately 42,500 Chinese tourists. With this new visa policy, these numbers are expected to grow.
This initiative celebrates half a century of Brazil-China relations, which began in 1974.
Over the years, China has risen to become Brazil’s foremost economic partner, surpassing Argentina and the United States.
The agreement, signed by China’s Foreign Minister Wang Yi in Brazil, also paved the way for Chinese leader Xi Jinping’s participation in the G20 summit in Rio de Janeiro.
The strength of Brazil-China ties is evident in their robust trade, which reached $157.4 billion last year.
Brazil’s exports to China mainly include essential commodities, while China supplies Brazil with manufactured goods and electronics.
The two countries have maintained their connection regarding China’s investments despite previous political tensions under the Bolsonaro administration.
This was particularly evident during the COVID-19 pandemic, as Brazil turned to Chinese companies for medical aid and vaccines.
This extended visa duration underscores the growing closeness between Brazil and China.
It facilitates travel and business and demonstrates their collaborative spirit, transcending political differences.
The visa extension reflects Brazil’s strategic shift towards Asia, recognizing China’s expanding global influence.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
-0.57%
171,076.88
-0.57%
72,006.05
+0.16%
10,544.26
-0.07%
2,848,945
—
2,481.88
-0.18%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,076.88 | -0.57% | +8.46% | 172,060.43 | 172,060 | 169,942 | — |
| USD/BRL | 5.60 | +0.37% | +6.31% | 5.58 | 5.62 | 5.58 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 44.13 | +1.33% | +36.41% | 43.55 | 44.20 | 43.23 | 5,251,100 |
| VALE3 | 63.77 | -1.02% | -3.07% | 64.43 | 64.06 | 63.49 | 1,770,100 |
| ITUB4 | 41.44 | -0.67% | +5.97% | 41.72 | 41.55 | 41.12 | 1,360,100 |
| BBDC4 | 14.21 | -0.84% | -26.90% | 14.33 | 14.28 | 13.92 | 12,040,400 |
| BBAS3 | 15.51 | -8.17% | -32.41% | 16.89 | 15.60 | 14.72 | 40,078,100 |
| B3SA3 | 14.66 | -0.95% | +3.68% | 14.80 | 14.76 | 14.47 | 3,500,100 |
| ABEV3 | 15.85 | +0.00% | +16.30% | 15.85 | 15.92 | 15.75 | 992,300 |
| WEGE3 | 51.85 | +0.47% | +15.53% | 51.61 | 52.03 | 51.51 | 561,000 |
| PRIO3 | 62.75 | +2.08% | +56.94% | 61.47 | 62.86 | 60.79 | 753,400 |
| SUZB3 | 55.13 | +2.47% | +14.73% | 53.80 | 55.68 | 53.75 | 1,034,300 |
| RENT3 | 30.14 | -0.33% | -30.03% | 30.24 | 30.42 | 29.77 | 433,000 |
| AZZA3 | 17.93 | +16.66% | -39.11% | 15.37 | 18.57 | 16.14 | 1,781,900 |
| CSNA3 | 4.42 | -2.21% | -49.37% | 4.52 | 4.48 | 4.42 | 1,160,100 |
| GGBR4 | 25.03 | -0.87% | +31.44% | 25.25 | 25.15 | 24.79 | 291,900 |
| ENEV3 | 26.94 | -1.61% | +39.79% | 27.38 | 27.11 | 26.53 | 1,076,400 |
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