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New Agreement Eases China–Brazil Beef, Poultry Trade

by 5m Editor
13 April 2011, at 12:13pm

CHINA & BRAZIL - The Presidents of the two countries have hailed a new strategic partnership as key deals and agreements have been signed on products including chicken, beef and bovine embryos and semen.

China pledged to diversify its trade with Brazil and boost imports from South America's biggest economy, as Brazilian President Dilma Rousseff began her debut presidential trip outside Latin America yesterday (12 April), according to official sources.

President Hu Jintao and Rousseff signed a joint communique, which included China's pledge to diversify trade, after talks at the Great Hall of the People. Both President Hu and President Rousseff praised the strategic partnership of the two countries.

Both countries agreed to promote the registration of Brazil's poultry and beef companies and vowed to quicken procedures to add new products onto their import and export lists.

The products include gelatin, corn, tobacco leaf, bovine embryos and semen and fruit from Brazil as well as fruit from China.

The two countries also called for the Doha trade talks to produce comprehensive and balanced results that address the concerns of the world's least developed countries, Xinhua said.

The Doha talks have stalled repeatedly since their start. Some countries earlier identified 2011 as a 'window of opportunity' and a chance to secure an agreement.

China and Brazil agreed to work more closely on reforming international financial and monetary systems under the G20 framework, the communique said.

Under the communique, both countries called for increased supervision to avoid new crises while working toward global economic recovery.