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Alckmin meets Xi Jinping to conclude his mission in China and obtain more than BRL 24 billion in credits for Brazil's Secretaria de Comunicao Social

Alckmin meets Xi Jinping to conclude his mission in China and obtain more than BRL 24 billion in credits for Brazil's Secretaria de Comunicao Social
Alckmin meets Xi Jinping to conclude his mission in China and obtain more than BRL 24 billion in credits for Brazil's Secretaria de Comunicao Social

 


RIO GRANDE DU SUL Among the loans signed during the official mission, the Memorandum of Understanding (MOU) between the Ministry of Finance and the Asian Infrastructure Investment Bank (AIIB) stands out, secure up to BRL5 billion ($940 million) for emergency aid to Rio Grande do Sul [pt]. “I am convinced that the reconstruction of the state will exceed the destruction,” Alckmin said.

BNDES The Chinese Development Bank (CDB) will provide an additional BRL 4 billion (USD 750 million) in credits to the Brazilian National Bank for Economic and Social Development (BNDES) for infrastructure projects in Brazil focused on combating climate change and the promotion of the green economy. Additionally, CDB and BNDES reached an agreement for a BRL 3.6 billion (670 million) credit line to support BNDES' investment initiatives.

BILATERAL The Export-Import Bank of China (Eximbank) and Banco do Brasil (BB) have agreed on a loan worth BRL 2.5 billion to strengthen bilateral trade and cooperation. To conclude the list of investments, BNDES and AIIB signed a letter of intent to negotiate a new credit line of BRL 1.3 billion ($240 million).

BRICS – Also during Alckmins Mission in China, a financing agreement of 5.7 billion BRL (1.07 billion USD) from the New Development Bank (NDB), the BRICS bank, has been formalized for Rio Grande do Sul. The agreement was signed by the Brazilian vice president and Dilma Rousseff, president of the NDB.

COFFEE In addition to the credits of 24.6 billion BRL (4.49 billion USD), the discussions initiated at COSBAN resulted in the return of the Alckmin mission to Brazil with an agreement signed between ApexBrasil and Luckin Coffee, the first coffee network in China. This agreement provides for the export of 120,000 tonnes of Brazilian coffee, the equivalent of 500 million dollars. Thanks to this agreement alone, Brazilian coffee exports to China are expected to double compared to 2023.

VACCINES – Sinovac known to Brazilians for Coronavac, one of the main immunizers used in Brazil against the Coronavirus will invest BRL500 million ($96.7 million) to develop vaccines and vaccines in Brazil, in partnership with Fiocruz [pt].

COSBAN – THE Plenaries of COSBAN, a sophisticated bilateral negotiation mechanism between Brazil and China, take place every two years; in 2026, the meeting will take place in Brazil. The biannual COSBAN meetings maintain open channels of dialogue between the two governments, providing space to deepen our partnership on a wide range of projects, the Brazilian vice president said.

ACCELERATION OF GROWTH – Vice President Geraldo Alckmin was received by Chinese President Xi Jinping at the People's Palace for his last official agenda in Beijing before returning to Brazil. “The COSBAN plenary meeting was a success,” Alckmin said during his meeting with the Chinese president, which was also attended by ministers from both countries. “President Lula launched the Growth Acceleration Program (Programa de Acelerao do Crescimento – PAC), an important infrastructure modernization initiative. I am convinced that many Chinese companies will participate in this effort,” said the vice president. -Brazilian president.

50 YEARS – Throughout the official mission, Alckmin and the ministers of the Brazilian delegation actively promoted the CAP among Chinese entrepreneurs and authorities, with the aim of fostering deeper integration between Brazil and China. During Alckmin's visit to the People's Hall, Xi Jinping stressed that “China and Brazil are partners and brothers, moving forward together with the same will and aspirations.” This year marks the 50th anniversary of bilateral diplomatic relations. According to the Chinese president, “China-Brazil relations transcend bilateral scope and serve as a paradigm for fostering unity and cooperation among developing countries, as well as global peace and stability.”

G20 AGENDA – During the mission to China, the Brazilian vice president highlighted the agenda of Brazil's G20 presidency, often mentioning Brazil's commitment to energy transition, food security and energy reform. multilateral governance. There is synergy between Brazil and China in defending and implementing these goals.

COMPANIES – During the visit, Alckmin held discussions with representatives of Chinese companies from the energy, automobile and pharmaceutical sectors, among others. In addition, many Brazilian entrepreneurs participated in a business forum dedicated to strengthening bilateral relations between the two nations.

DELEGATION – The following ministers accompanied the Brazilian vice-president on his mission to China: Rui Costa (chief of staff), Simone Tebet (MPO), Carlos Fvaro (MAPA), Wellington Dias (MDS), Mrcio Frana (MENP) and Paulo Teixeira. (MDA). The delegation also included the president of Apex Brazil, Jorge Viana, and the president of ABDI, Ricardo Cappelli.

Sources

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2/ https://www.gov.br/secom/en/latest-news/2024/06/alckmin-meets-with-xi-jinping-to-conclude-mission-to-china-securing-over-brl-24-billion-in-credits-for-brazil

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