IBOV 176,305 ▲ 0.32% IPSA 10,928 ▲ 0.16% IPC MEX 66,762 ▲ 1.20% MERVAL 3,271,003 ▲ 1.10% COLCAP 2,300.83 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 2.30% USD/BRL5.07▼ 1.30% USD/MXN17.39▼ 0.80% USD/CLP924.09▼ 0.94% USD/COP3,249▼ 0.43% USD/PEN3.39▼ 0.58% USD/ARS1,477▼ 0.40% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.34% BRENT 84.42 ▲ 1.34% WTI 78.71 ▲ 0.73% IRON ORE 161.91 — — COPPER 6.43 ▲ 3.18% GOLD 4,091 ▲ 2.35% SILVER 59.61 ▲ 3.43% SOY 1,191 ▼ 0.96% CORN 460.00 ▲ 5.08% WHEAT 641.25 ▲ 2.27% COFFEE 337.55 ▼ 1.13% SUGAR 14.81 ▲ 0.41% ORANGE JUICE 136.20 ▼ 4.45% COTTON 81.07 ▲ 1.55% COCOA 5,607 ▼ 1.56% BEEF 228.03 ▼ 2.85% CATTLE 349.20 ▼ 1.45% LITHIUM 71.50 ▲ 1.79% PETR4 40.55 ▼ 0.27% VALE3 74.18 ▲ 1.83% ITUB4 43.65 ▲ 0.30% BBDC4 18.74 ▼ 0.16% ABEV3 15.93 ▲ 0.63% BBAS3 20.48 ▲ 1.19% B3SA3 15.28 ▲ 1.06% WEGE3 44.35 ▼ 0.09% PRIO3 56.96 ▼ 0.42% SUZB3 40.88 ▼ 1.47% RENT3 40.32 ▲ 0.30% AZZA3 18.79 ▼ 2.24% CSAN3 3.87 ▼ 0.77% RAIZ4 0.33 — 0.00% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.95 ▼ 1.00% SLCE3 13.76 ▼ 0.79% NATU3 8.46 ▼ 1.63% BRKM5 6.81 ▼ 1.87% RANI3 7.98 ▲ 0.38% CSNA3 5.15 ▼ 1.72% CMIN3 5.28 ▼ 3.12% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.85 ▼ 0.11% CPFE3 46.95 ▲ 0.23% CMIG4 11.10 ▲ 0.27% EQTL3 40.86 ▲ 1.62% LREN3 14.15 — 0.00% VIVT3 35.28 ▲ 1.58% RAIL3 14.05 ▼ 0.43% KLABIN 17.33 ▼ 0.86% RAIA DROGASIL 18.46 ▲ 1.43% RDOR3 35.86 ▲ 0.84% HAPV3 10.65 ▲ 1.82% FLRY3 16.24 ▲ 0.56% SMTO3 16.31 ▼ 0.37% UGPA3 29.62 ▼ 4.24% VBBR3 32.66 ▼ 0.31% BBSE3 40.29 ▲ 0.02% BPAC11 58.28 ▲ 1.32% CURY3 32.74 ▼ 1.15% AERI3 2.08 — 0.00% VIVARA 23.22 ▲ 0.48% COMPASS 25.08 ▲ 1.25% VAMOS 3.01 ▼ 0.33% SANB11 27.48 ▲ 0.40% ASAI3 8.61 ▼ 1.15% SBSP3 30.42 ▲ 0.16% WALMEX 49.47 ▼ 0.36% GMEXICO 203.23 ▲ 3.91% FEMSA 231.17 ▲ 2.58% CEMEX 22.59 ▲ 3.72% GFNORTE 185.52 ▲ 1.89% BIMBO 56.02 ▲ 0.27% TELEVISA 9.57 ▼ 0.42% AMX 22.88 ▲ 1.28% GAP 388.00 ▼ 4.95% ASUR 278.75 ▲ 0.03% OMA 233.95 ▲ 0.27% KOF 181.22 ▼ 0.25% GRUMA 280.01 ▼ 0.48% KIMBER 38.28 ▲ 0.16% SQM-B 67,765 ▲ 0.82% COPEC 6,015 ▼ 0.70% BSANTANDER 79.20 ▲ 1.28% FALABELLA 5,917 ▲ 0.19% ENELAM 84.78 ▲ 0.69% CENCOSUD 2,050 ▲ 0.49% CMPC 1,067 ▼ 1.02% BANCO CHILE 188.10 ▲ 1.68% LATAM AIR 24.44 ▼ 1.85% YPF 78,250 ▲ 1.39% GGAL 8,240 ▲ 1.98% PAMPA 5,235 ▲ 0.19% TXAR 665.50 ▲ 0.15% ALUAR 961.00 ▼ 0.36% TGS 9,660 ▲ 0.94% CEPU 2,329 ▲ 0.43% MIRGOR 17,000 — 0.00% COME 45.63 ▲ 1.90% LOMA NEGRA 3,543 ▲ 1.29% BYMA 308.00 ▼ 0.08% TELECOM ARG 4,283 ▲ 0.76% ECOPETROL 15.84 ▼ 0.25% BANCOLOMBIA 82.23 ▲ 2.25% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 395.11 ▲ 1.51% SOUTHERN COPPER 182.03 ▲ 4.30% BUENAVENTURA 30.98 ▲ 3.87% MERCADOLIBRE 1,887 ▲ 1.04% NUBANK 14.10 ▲ 3.11% XP 16.60 ▲ 1.37% PAGSEGURO 9.25 ▼ 0.38% STONE 11.21 ▲ 0.49% GLOBANT 31.45 ▼ 2.10% TECNOGLASS 43.11 ▲ 0.63% GAP AIRPORT 223.23 ▼ 4.10% ASUR 278.75 ▲ 0.03% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 132.92 ▲ 3.03% CEMEX ADR 12.97 ▲ 4.14% PETROBRAS ADR 17.93 ▲ 0.25% VALE ADR 14.60 ▲ 2.93% ITAU ADR 8.60 ▲ 1.48% SANTANDER BR 5.45 ▲ 1.78% AMBEV ADR 3.11 ▲ 1.63% CSN 1.03 — 0.00% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.52 ▲ 0.35% BTC 64,237 ▲ 3.21% ETH 1,876 ▲ 5.76% SOL 77.18 ▲ 3.10% XRP 1.10 ▲ 3.33% BNB 580.88 ▲ 2.51% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.52% AVAX 6.64 ▲ 3.04% LINK 8.32 ▲ 5.63% DOT 0.85 ▲ 1.73% LTC 44.57 ▲ 2.49% BCH 239.64 ▲ 1.44% TRX 0.33 ▲ 0.42% XLM 0.18 ▲ 1.92% HBAR 0.07 ▲ 0.85% NEAR 2.04 ▲ 6.38% ATOM 1.56 ▲ 1.56% AAVE 98.44 ▲ 4.32% SELIC 14.25% EMBRAER 82.79 ▼ 0.27% EMBRAER ADR 65.35 ▲ 1.35% JBS 11.73 ▼ 0.59% JBS BDR 59.43 ▼ 1.95% MBRF3 15.86 ▲ 0.89% MBRFY 3.08 ▲ 0.98% INTER 5.73 ▲ 1.33% EGX 52,299 ▼ 0.59% USD/ZAR16.32▼ 0.93% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY161.93▼ 0.31% USD/CNY6.76▼ 0.32% DAX 25,136 ▲ 0.09% CAC 8,361 ▼ 0.04% FTSE 10,522 ▲ 0.23% MIB 52,897 ▲ 0.17% IBEX 19,363 ▲ 0.14% STOXX 641.66 ▲ 0.10% EUR/USD1.15▲ 0.61% GBP/USD1.34▲ 0.16% SPX 7,545 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,579 ▲ 1.07% RUT 2,965 ▲ 0.41% TSX 35,392 ▲ 0.40% VIX 16.48 ▼ 3.96% USD/CAD1.41▼ 0.73% US10Y 4.5710 ▼ 0.82% IBOV 176,305 ▲ 0.32% IPSA 10,928 ▲ 0.16% IPC MEX 66,762 ▲ 1.20% MERVAL 3,271,003 ▲ 1.10% COLCAP 2,300.83 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 2.30% USD/BRL 5.07 ▼ 1.30% USD/MXN 17.39 ▼ 0.80% USD/CLP 924.09 ▼ 0.94% USD/COP 3,249 ▼ 0.43% USD/PEN 3.39 ▼ 0.58% USD/ARS 1,478 ▼ 0.37% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.34% BRENT 84.42 ▲ 1.34% WTI 78.71 ▲ 0.73% IRON ORE 161.91 — — COPPER 6.43 ▲ 3.18% GOLD 4,091 ▲ 2.35% SILVER 59.61 ▲ 3.43% SOY 1,191 ▼ 0.96% CORN 460.00 ▲ 5.08% WHEAT 641.25 ▲ 2.27% COFFEE 337.55 ▼ 1.13% SUGAR 14.81 ▲ 0.41% ORANGE JUICE 136.20 ▼ 4.45% COTTON 81.07 ▲ 1.55% COCOA 5,607 ▼ 1.56% BEEF 228.03 ▼ 2.85% CATTLE 349.20 ▼ 1.45% LITHIUM 71.50 ▲ 1.79% PETR4 40.55 ▼ 0.27% VALE3 74.18 ▲ 1.83% ITUB4 43.65 ▲ 0.30% BBDC4 18.74 ▼ 0.16% ABEV3 15.93 ▲ 0.63% BBAS3 20.48 ▲ 1.19% B3SA3 15.28 ▲ 1.06% WEGE3 44.35 ▼ 0.09% PRIO3 56.96 ▼ 0.42% SUZB3 40.88 ▼ 1.47% RENT3 40.32 ▲ 0.30% AZZA3 18.79 ▼ 2.24% CSAN3 3.87 ▼ 0.77% RAIZ4 0.33 — 0.00% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.95 ▼ 1.00% SLCE3 13.76 ▼ 0.79% NATU3 8.46 ▼ 1.63% BRKM5 6.81 ▼ 1.87% RANI3 7.98 ▲ 0.38% CSNA3 5.15 ▼ 1.72% CMIN3 5.28 ▼ 3.12% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.85 ▼ 0.11% CPFE3 46.95 ▲ 0.23% CMIG4 11.10 ▲ 0.27% EQTL3 40.86 ▲ 1.62% LREN3 14.15 — 0.00% VIVT3 35.28 ▲ 1.58% RAIL3 14.05 ▼ 0.43% KLABIN 17.33 ▼ 0.86% RAIA DROGASIL 18.46 ▲ 1.43% RDOR3 35.86 ▲ 0.84% HAPV3 10.65 ▲ 1.82% FLRY3 16.24 ▲ 0.56% SMTO3 16.31 ▼ 0.37% UGPA3 29.62 ▼ 4.24% VBBR3 32.66 ▼ 0.31% BBSE3 40.29 ▲ 0.02% BPAC11 58.28 ▲ 1.32% CURY3 32.74 ▼ 1.15% AERI3 2.08 — 0.00% VIVARA 23.22 ▲ 0.48% COMPASS 25.08 ▲ 1.25% VAMOS 3.01 ▼ 0.33% SANB11 27.48 ▲ 0.40% ASAI3 8.61 ▼ 1.15% SBSP3 30.42 ▲ 0.16% WALMEX 49.47 ▼ 0.36% GMEXICO 203.23 ▲ 3.91% FEMSA 231.17 ▲ 2.58% CEMEX 22.59 ▲ 3.72% GFNORTE 185.52 ▲ 1.89% BIMBO 56.02 ▲ 0.27% TELEVISA 9.57 ▼ 0.42% AMX 22.88 ▲ 1.28% GAP 388.00 ▼ 4.95% ASUR 278.75 ▲ 0.03% OMA 233.95 ▲ 0.27% KOF 181.22 ▼ 0.25% GRUMA 280.01 ▼ 0.48% KIMBER 38.28 ▲ 0.16% SQM-B 67,765 ▲ 0.82% COPEC 6,015 ▼ 0.70% BSANTANDER 79.20 ▲ 1.28% FALABELLA 5,917 ▲ 0.19% ENELAM 84.78 ▲ 0.69% CENCOSUD 2,050 ▲ 0.49% CMPC 1,067 ▼ 1.02% BANCO CHILE 188.10 ▲ 1.68% LATAM AIR 24.44 ▼ 1.85% YPF 78,250 ▲ 1.39% GGAL 8,240 ▲ 1.98% PAMPA 5,235 ▲ 0.19% TXAR 665.50 ▲ 0.15% ALUAR 961.00 ▼ 0.36% TGS 9,660 ▲ 0.94% CEPU 2,329 ▲ 0.43% MIRGOR 17,000 — 0.00% COME 45.63 ▲ 1.90% LOMA NEGRA 3,543 ▲ 1.29% BYMA 308.00 ▼ 0.08% TELECOM ARG 4,283 ▲ 0.76% ECOPETROL 15.84 ▼ 0.25% BANCOLOMBIA 82.23 ▲ 2.25% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 395.11 ▲ 1.51% SOUTHERN COPPER 182.03 ▲ 4.30% BUENAVENTURA 30.98 ▲ 3.87% MERCADOLIBRE 1,887 ▲ 1.04% NUBANK 14.10 ▲ 3.11% XP 16.60 ▲ 1.37% PAGSEGURO 9.25 ▼ 0.38% STONE 11.21 ▲ 0.49% GLOBANT 31.45 ▼ 2.10% TECNOGLASS 43.11 ▲ 0.63% GAP AIRPORT 223.23 ▼ 4.10% ASUR 278.75 ▲ 0.03% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 132.92 ▲ 3.03% CEMEX ADR 12.97 ▲ 4.14% PETROBRAS ADR 17.93 ▲ 0.25% VALE ADR 14.60 ▲ 2.93% ITAU ADR 8.60 ▲ 1.48% SANTANDER BR 5.45 ▲ 1.78% AMBEV ADR 3.11 ▲ 1.63% CSN 1.03 — 0.00% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.52 ▲ 0.35% BTC 64,237 ▲ 3.21% ETH 1,876 ▲ 5.76% SOL 77.18 ▲ 3.10% XRP 1.10 ▲ 3.33% BNB 580.88 ▲ 2.51% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.52% AVAX 6.64 ▲ 3.04% LINK 8.32 ▲ 5.63% DOT 0.85 ▲ 1.73% LTC 44.57 ▲ 2.49% BCH 239.64 ▲ 1.44% TRX 0.33 ▲ 0.42% XLM 0.18 ▲ 1.92% HBAR 0.07 ▲ 0.85% NEAR 2.04 ▲ 6.38% ATOM 1.56 ▲ 1.56% AAVE 98.44 ▲ 4.32% SELIC 14.25% EMBRAER 82.79 ▼ 0.27% EMBRAER ADR 65.35 ▲ 1.35% JBS 11.73 ▼ 0.59% JBS BDR 59.43 ▼ 1.95% MBRF3 15.86 ▲ 0.89% MBRFY 3.08 ▲ 0.98% INTER 5.73 ▲ 1.33% EGX 52,299 ▼ 0.59% USD/ZAR 16.33 ▼ 0.78% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 161.97 ▼ 0.29% USD/CNY 6.7695 ▼ 0.02% DAX 25,136 ▲ 0.09% CAC 8,361 ▼ 0.04% FTSE 10,522 ▲ 0.23% MIB 52,897 ▲ 0.17% IBEX 19,363 ▲ 0.14% STOXX 641.66 ▲ 0.10% EUR/USD 1.1448 ▲ 0.54% GBP/USD 1.3407 ▲ 0.43% SPX 7,545 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,579 ▲ 1.07% RUT 2,965 ▲ 0.41% TSX 35,392 ▲ 0.40% VIX 16.48 ▼ 3.96% USD/CAD 1.4056 ▼ 0.69% US10Y 4.5710 ▼ 0.82%
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Business - Brazil Politics - Brazil

President Rousseff Visits China

By · April 19, 2011 · 3 min read

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By Samuel Elliott Novacich, Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Dilma Rousseff spent last week in China promoting economic and strategic relations with Brazil. As her first state visit to China, Rousseff took the opportunity to demonstrate the benefits of investing in the South American giant. President Rousseff kicked off her trip on Tuesday, meeting with Chinese President Hu Jintao at Beijing’s Great Hall of the People.

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President Dilma Rousseff is greeted as she arrives in China, photo by Roberto Stuckert/ABr.
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The Brazilian president’s trip came to a peak on Friday at the Boao Forum for Asia where she stressed mutual advantages to increased trade and the importance of south-south cooperation.

Throughout the trip, Rousseff repeatedly emphasized her desire for greater collaboration between what she called “the two most dynamic economies in Asia and Latin America,” stating that she would like to “make a qualitative leap forward in our relations…we want more dynamic, sophisticated and equitable ties.”

Over twenty trade accords were signed after the first meeting between Rousseff and Hu, including those covering the export of raw material to China, and expanded Chinese investment in technology and infrastructure in Brazil.

Upon Rousseff’s arrival in the region, China announced that it planned to open its market to Brazilian pork, as well as greater imports of chicken and beef. Both countries also agreed to loosen procedures allowing for expedited entry of produce.

To further encourage bilateral collaboration, representatives from 300 Brazilian and Chinese companies were invited to a business seminar in Beijing where they were free to forge new agreements with potential partners.

Rousseff highlighted Brazil’s need for greater investment in infrastructure of distribution networks and airports, as well as within the energy sector, specifically pointing to Chinese expertise in the construction of refineries and gas pipelines.

Another welcomed opportunity for cooperation comes as Brazil prepares for the 2014 World Cup and 2016 Olympic Games. The Brazilian President acknowledged obvious Chinese experience in hosting international events, and encouraged the input and support of Chinese firms with infrastructural logistics and technology.

Presidents Rousseff and Hu signed over twenty bilateral trade agreements during Rousseff's first state visit to China, photo courtesy of Roberto Stuckert/ABr.

Roussett’s visit has largely been hailed as a success. Her leadership style has been called “pragmatic” by Chen Duqing, the former Chinese Ambassador to Brazil. This pragmatism led to meetings Ren Zhengfei, president of the Chinese telecommunications giant Huawei.

During those meetings, Zhengfei reportedly indicated that the company intends to invest further in Brazil. This move could potentially create 10,000 jobs and lead to investment in the Innovation, Production and Training Center in São Paulo.

Rousseff also attended the Third Summit of the BRICS Group (Brazil, Russia, India, China, and South Africa) in Sanya, Hainan Province. The meeting focused primarily on South Africa’s entrance into the group, and strategy for further strengthening relations among the developing nations.

Almost two years ago, China passed the United States as Brazil’s greatest trade partner and investor. Bilateral trade between the two countries was estimated at over US$5.6 billion in 2010.

In that time, Brazil exported mostly soy, iron ore, and petroleum to China. Brazil has historically imported manufactured goods like electronics and low cost textiles, but also receives enormous Chinese investment in telecommunications.

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