Brazil Hosting Chinese and Russian Presidents Next Week

    Presidents Hu and Medvedev

    Presidents Hu and Medvedev Hu Jintao, the president of China, will be visiting Brazil, Venezuela and Chile in mid April according to a release from Beijing. From an international summit on nuclear security, April 12/13, President Hu Jintao will travel to Brazil for the second BRIC summit, scheduled from April 14 to 17.

    The so called BRIC group, (Brazil, Russia, India and China), brings together the main emerging economies that held their first official summit in June 2009 in Russia. At the first meeting BRIC warned about the weakness of the US dollar and suggested plans for a new international reserve currency.

    From Brazil, the Chinese leader flies to Venezuela to meet President Hugo Chavez. China and Venezuela have a long list of agreements in different fields from oil and energy, to agriculture and satellites plus arms.

    April 18, Hu Jintao is expected in Chile, a long time ally of Beijing where he will ratify the close links between the two countries and expand cooperation and areas of common development.

    “This is a very important visit for China, to promote friendship with the three countries; we anticipate its success” said the Chinese Foreign Office spokesperson Qin Gang. Hu Jinatao was in Latinamerica last time in 2008 when he visited Cuba, Costa Rica and Peru.

    Since the first visit of a Chinese president to Latinamerica in 2004 (Argentina, Brazil, Chile and Cuba) China has increased its presence in the region where it has multiple projects particularly regarding oil, gas and energy with Venezuela, Brazil and Bolivia.

    In Brazil China has agro-industrial businesses; in Chile, mining and wood exploitation projects and in Venezuela cooperation has expanded rapidly from energy to military and financial affairs. According to the Venezuelan government bilateral trade soared from 742 million US dollars in 2003 to 10 billion in fiscal 2008.

    Venezuela supplies 400.000 barrels of oil per day to China and last month the Venezuelan Air Force incorporated the first batch of six Chinese combat aircraft K-8 of a total order of 18, plus a support workshop for maintenance.

    Mercopress

    Tags:

    • Show Comments (1)

    • r4 ds

      wood exploitation projects and in Venezuela cooperation has expanded rapidly from energy to military and financial affairs.

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil Votes in Favor of UN’s Declaration on Indian Rights

    The UN Human Rights Council approved on June 29 the Declaration on the Rights ...

    São Paulo, Brazil, stock exchange

    Brazil Goes for a Ride on Wall Street’s Bullish Train and Dollar Falls

    The São Paulo Stock Exchange (Bovespa) started October with a boom, closing at 62.340 ...

    Kiss of the Spider Monkey

    By Brazzil Magazine In Brazil everything ‘dances’—the palm trees, the ocean, the verdant mountains. ...

    Brazilian prison

    Brazil Prisons Get 187 Young Adults Every Day

    The latest study out by the Brazilian Ministry of Justice shows that every hour, ...

    How to Survive in the Jungle of Brazil Without Cash

    Friends unexpectedly received from me a postcard from Manaus, Brazil, of a scantily dressed ...

    More than 3,000 Indians in Brazil Celebrate Return of Reservation Indians

    Two tuxaua Indians (leaders) accused of involvement in a fire at the Raposa/Serra do ...

    Egypt Discovers Brazil’s Medical Market

    Egyptian businessmen who visited São Paulo, Brazil, to participate in the Hospitalar – the largest ...

    94% of Brazilians Worry a Gun Might Spoil Their Day

    Close to 100% of Brazilians are worried about becoming a victim of a gun. ...