The Brazilian Minister of Economy, Paulo Guedes, stated during a meeting with businessmen that the European Union may become an "irrelevant" continent due to the loss of relative weight in bilateral trade while transactions with China are advancing.
Guedes said he had spoken with a French minister (without naming him) to ask Europe to open its market to Brazilian products. "Our trade with you [Europe] was US$2 billion at the beginning of the century. With China, it was also US$2 billion. Today, we trade with you to the tune of US$7 billion. And we trade with China . . .
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