In a statement, the Government states that, at the seventh plenary meeting of the Sino-Brazilian High Level Coordination and Cooperation Commission (Cosban), chaired by Alckmin and the Vice-President of China, Han Zheng, in Beijing, a memorandum of agreement was signed understanding for cooperation in public policies for micro and small companies.
The two countries signed a protocol on health and quarantine requirements for pecan nuts, a memorandum of understanding related to China-Brazil cooperation on expanding production capacity in the area of sustainable development, and formalized a review of the governance and development structure of its operational framework with a view to improving bilateral investment cooperation and identifying concrete projects.
Brazil and China also made official a declaration of intent for the joint construction of a geostationary meteorological satellite, cooperation to deepen supervision in the insurance sector and an agreement related to the capital market, the intention of which is to expand the possibilities of mutual assistance and exchange of information, and deepen regulatory cooperation in financial and capital markets.
Finally, the countries signed an agreement to exempt visas for travel to Brazil for holders of public affairs passports issued by China.
In the same statement, Alckmin welcomed the Chinese investments already made in Brazil and invited companies from the Asian country to participate in the effort to modernize Brazilian infrastructure, which the Government of President Luiz Inácio Lula da Silva is promoting through the New Brazil Acceleration Program Growth (PAC).
"I invite all Chinese companies to participate in the effort to modernize Brazil's infrastructure, which is the New PAC", stated the Brazilian vice-president.
The second delegation from the South American Government to visit Beijing, led by Alckmin and the Brazilian Minister of the Civil House, Rui Costa, will also have on its agenda the inclusion of Brazil in the 'One Belt, One Road' initiative.
During the visit to China, which runs until Saturday, a delegation of 200 Brazilian businesspeople seeks to strengthen commercial relations with Chinese businesspeople.
According to official data, China has been Brazil's largest trading partner since 2008.
The Chinese market was the destination for 30% of Brazilian exports in 2023, reaching 104 billion dollars (95.5 billion euros), mainly thanks to food products and raw materials.
China, in turn, maintains investments in Brazil worth around 40 billion dollars (36.8 billion euros), which in recent years have focused mainly on the energy area.
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