Brazilian President Lula da Silva's visit to China concludes on Saturday. 15 agreements signed in the fields of technology, artificial intelligence, satellite cooperation, agriculture and meat exports.
China is the main partner for Brazilian exports, which are equal to about 30% of the volume of exports. Chinese investments in Brazilian industries are beneficial to Beijing because they allow the transfer of polluting and low-wage manufacturing plants to Brazil. Brazil should look for new sources of trade and investment beyond the U.S.-Europe hub.