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Financial crisis has limited impact on China-Brazil trade

(Xinhua)
Updated: 2008-11-08 13:59

The global financial crisis has limited impact on trade between China and Brazil, which will continue to increase amid current financial turmoil, visiting Brazilian Para State governor Ana Julia Carepa said in Beijing Friday.

"As two large developing countries, both China and Brazil are less hurt by the global financial crisis, with developed countries being the major casualties," she said.

Trade between the two countries would keep booming despite the financial crisis, because China is a big consumer and cooperation between the two sides is enhancing, according to Carepa.

The 35-member visiting group included officials and entrepreneurs of the Para state, Brazil's second largest, which owns the world's largest iron ore reserves and the Amazon rainforest.

The group would head for southwest China's Sichuan province Saturday, seeking cooperation opportunities on mining, technology and infrastructure construction.

An agreement would be signed to announce Para and Sichuan as twin province/state, according to Carepa.

Customs statistics showed trade between China and Brazil reached $5.67 billion in the first nine months this year, up 84 percent from the same 2007 period.