Brazil seeks more access to China to balance trade

14 February 2012 Last updated at 01:37

http://www.bbc.co.uk/news/business-17022432

China and Brazil have been looking to boost their relationship and rebalance bi-lateral trade

Brazil has asked China to allow more of its manufactured goods in to the Chinese market in a bid to balance the trade between the two economies.

The call comes as China’s trade surplus with Brazil has been rising, hitting $11.5bn (£7bn) last year.

Brazil has also asked China to reduce its exports amid concerns that the influx of low-cost Chinese goods was hurting its manufacturing sector.

China is Brazil’s biggest trading partner.

These issues were discussed during Chinese Vice Premier Wang Qishan’s visit to Brasilia.

“We are discussing some issues of concern to Brazilian industry, such as Brazilian exports of manufactured goods to China,” Brazilian Vice President Michel Temer was quoted as saying by the AFP news agency.

Mr Temer said he had asked Beijing for a “voluntary” reduction of Chinese exports to Brazil.

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