China OVERTAKES the US as Brazil's Largest Trading Partner

peaceandlove · 05-10-2009, 06:03 AM

China OVERTAKES the US as Brazil's Largest Trading Partner

China has become Brazil's most-important trading partner, disrupting a relationship between the United States and the Latin country that stretches back to the 1930s.

By Malcolm Moore in Shanghai
Last Updated: 6:28PM BST 09 May 2009

Welber Barral, the Brazilian trade minister, said total trade between Brazil and China had amounted to $3.2bn (£2.14bn) in April, representing a near twelve-fold increase since 2001.

The sum was greater than the $2.8 billion of imports and exports to the US and represented the second consecutive month that China had topped the trade table.

"It is a historic moment," he said, adding that he expected China to remain in pole position for the rest of the year because its economy is still growing healthily. "China is now a platinum account [for Brazil]," said Douglas Smith, a Latin American economist for Standard Chartered bank.

Article continues: http://www.telegraph.co.uk/finance/e...g-partner.html

05-10-2009, 06:03 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	China OVERTAKES the US as Brazil's Largest Trading Partner China OVERTAKES the US as Brazil's Largest Trading Partner China has become Brazil's most-important trading partner, disrupting a relationship between the United States and the Latin country that stretches back to the 1930s. By Malcolm Moore in Shanghai Last Updated: 6:28PM BST 09 May 2009 Welber Barral, the Brazilian trade minister, said total trade between Brazil and China had amounted to $3.2bn (£2.14bn) in April, representing a near twelve-fold increase since 2001. The sum was greater than the $2.8 billion of imports and exports to the US and represented the second consecutive month that China had topped the trade table. "It is a historic moment," he said, adding that he expected China to remain in pole position for the rest of the year because its economy is still growing healthily. "China is now a platinum account [for Brazil]," said Douglas Smith, a Latin American economist for Standard Chartered bank. Article continues: http://www.telegraph.co.uk/finance/e...g-partner.html