Brazilian Deputy Minister of Economy Troyjo: Brazil and China should expand cooperation in investment and finance

Interview: Brazil and China should expand cooperation in investment and finance - Interview with Troyjo, Deputy Minister of Economic Affairs of Brazil.

Marcos Troyjo, Deputy Minister of Foreign Trade and International Affairs of the Brazilian Ministry of Economic Affairs, said in an exclusive interview with Xinhua News Agency that the bilateral relations between Brazil and China have been developing steadily over the past 45 years, and the trade volume has increased significantly. In the future, the two countries should further expand their investment. Cooperation with the financial sector.

Troyjo believes that the economic development models of Brazil and China are changing. China's economic development is no longer simply dependent on domestic savings, investment and exports, but more on consumption. At the same time, China is actively developing technology-intensive industries and increasing investment in infrastructure at home and abroad. As a trading power, China has now demonstrated its strength in investment and finance.

On the Brazilian side, Troyjo believes that Brazil is changing the long-term import-replacement economic development model and shifting to a more liberal and integrated development model, making trade's contribution to GDP fastly increasing.

Troyjo said that thanks to the complementarity of the two economies, the trade volume between Brazil and China has grown rapidly in the past few decades. Now the two countries need to further expand cooperation in investment and finance, and push bilateral economic and trade cooperation to a new level.

Troyjo is a member of the Advisory Board of the World Economic Forum and director of the BRICS Research Center at Columbia University in the United States. He has long studied the Bazhong economy. He believes that China's economy will continue to grow at a faster rate in the next 15 to 20 years. " This means not only that the world's largest consumer market is still growing, but also that China's consumer demand is also escalating, and new demands are imposed on exporting countries such as Brazil." .

Troyjo also expressed appreciation for China's relevant ideas and practices in the field of international trade. He said that China advocates multilateralism, actively promotes the development of existing multilateral platforms such as APEC, and promotes the creation of new multilateral institutions such as the Asian Infrastructure Investment Bank.

Troyjo said that in the process of promoting the development of these multilateral institutions, China has rich experience, specific actions, and high goals. Brazil should seize the opportunity to work with China to promote healthy and sustainable economic development.

Previous Page：Iron ore price volatility weak operation
Next Page：Hot and cold rolled coils Prices are short-term or dominated by small fluctuations

BROWSE SIMILAR INDUSTRY NEWS