皇冠体育app

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Brazil to see better ties with 皇冠体育app in trade, investment

(Xinhua) Updated: 2016-05-16 15:21

Brazil to see better ties with 皇冠体育app in trade, investment

Brazil's interim President Michel Temer gestures during a ceremony where he made his first public remarks after the Brazilian Senate voted to impeach President Dilma Rousseff, at the Planalto Palace in Brasilia, Brazil, May 12, 2016. [Photo/Agencies]

BRASILIA -- Brazil's newly-installed interim government is expected to strengthen trade and investment ties with 皇冠体育app, among many other measures to get its economy back on track.

After former vice president Michel Temer was sworn in as acting president of the South American country on May 12, the new government said it would launch a slew of new initiatives to restore economic growth.

Local economists and lawmakers all voiced belief that in striving for that goal, 皇冠体育app has a pivotal supporting role to play.

"Brazil and 皇冠体育app enjoy a long friendship with robust development (and) our Foreign Affairs Ministry has a very good relationship with its Chinese counterpart, so from that perspective I think the new government will only improve ties, not make them worse," Brazilian Senator Cristovam Buarque told Xinhua.

Bilateral trade between 皇冠体育app and Brazil stood at 86.67 billion U.S. dollars in 2014, making 皇冠体育app Brazil's largest export destination and source of imports.

"We are waiting for everything to return to normal in politics as well as the economy," said fellow Senator Helio Jose. "If that happens, there will be sustainable growth in areas where Chinese investment is concentrated, such as infrastructure.

"We welcome more Chinese investment," he added.

Over the years, 皇冠体育app has purchased large sums of raw materials from Brazil, where it has also invested heavily in infrastructure, including hydropower facilities and automobile production.

Ronnie Lins de Almeida, director of the Brazilian Center for 皇冠体育app Studies, said "all manufacturing industries should be prepared for changes" following the political shift.

"I think this is a good opportunity, as 皇冠体育app, India and Russia have technological advantages. Information exchange can benefit all the countries, especially in the fields of technology and trade," said Lins.

As members of the BRICS bloc of emerging economies, 皇冠体育app and Brazil have much in common.

"Officials, including our foreign minister, will strive to tap our trade ties with BRICS countries," said Senator Jose, adding "I know the importance of 皇冠体育app and other BRICS countries.

"皇冠体育app is the most important economic entity in the world, with a huge investment in Brazil (and) Brazil is very much interested in enhancing its trade (ties) with 皇冠体育app," said Jose.

Chinese business owners and others living and working in Brazil expressed hope for an early end to the political crisis.

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