Emerging Markets

China And Brazil Agree On Advancing Railway Cooperation: G20 Summit In Brisbane, Australia

Rousseff Xi Brisbane Australia 500

Chinese President Xi Jinping (R) shakes hands with his Brazilian counterpart Dilma Rousseff during their meeting in Brisbane, Australia, Nov. 16, 2014. (Xinhua/Ma Zhancheng)

Chinese President Xi Jinping met with Dilma Rousseff, the president of Brazil, in Brisbane, Australia, today.  The meeting was dominated by China-Brazil railway infrastructure closer cooperation.

According to the Xinhua news agency, the relationship between China and Brazil has a promising future, noting that he and Rousseff reached broad consensus on deepening bilateral cooperation in all fields in his July visit to Brazil.

Both sides should continue to work together to achieve more results in bilateral cooperation and promote trade facilitation and liberalization, said Xi, calling for early progress in building freight rail, high-speed rail in Brazil and a transcontinental South American railway connecting Brazil and Peru.

The Chinese leader also said that China is ready to enhance coordination with Brazil in multilateral mechanisms, promote solidarity and cooperation among BRICS countries and rise up to the challenges such as climate change with Brazil.

The Chinese president hoped Brazil will actively support and participate in the first ministerial meeting of a China-Latin America forum. The meesting is to be held in Beijing in 2015.

Xinhua reported on the other hand, Rousseff said Brazil attaches great importance to Xi’s proposal and China’s measures of developing the Brazil-China comprehensive strategic partnership.

The Brazilian president welcomed China’s participation in building Brazil’s high-speed rail. Rouseff hoped to set up a working team for the transcontinental South American railway as soon as possible..

Brazil also would like to enhance cooperation with China in the following business areas: oil and gas, new energy, satellite and IT. Rouseff emphasized her country is willing to actively promote Latin America-China cooperation.

Source: Xinhua




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