Media365
China offered to strengthen economic ties with Brazil on Monday and defend what it called “fairness” in global trade, days before sweeping US tariffs on Brazilian exports are set to take effect.
At a news briefing in Beijing on Monday, Chinese Foreign Ministry spokesman Guo Jiakun said that Beijing was willing to work together with Brazil and other Brics and Latin American nations to uphold a multilateral trading system centred on the World Trade Organization.
Guo also noted China’s interest in expanding cooperation with Brazil in the aviation sector. Embraer, a leading global producer of mid-size commercial aircraft, relies heavily on the US as its main export market.
The potential new tariffs have raised concerns about the company’s financial stability. Talks to announce aircraft sales during Chinese President Xi Jinping’s state visit to Brasília in 2023 did not move forward despite initial efforts.
“China attaches importance to its result-oriented cooperation with Brazil, including cooperation on aviation. We stand ready to promote relevant cooperation based on market principles and give a boost to respective national development,” Guo said.
