Both Vale and Petrobras, Brazil’s state-run oil company, have expressed interest in the past year in expanding trade in China. Brazil’s farmers have also grown increasingly dependent on Chinese sales, filling the soy bean void temporarily left by President Donald Trump’s trade negotiations with the Communist Party. According to the Brazilian newspaper O Globo, Brazil exported 14 percent more to China between January and August 2020 than during the same period of 2019, despite significant economic limitations for most of the year due to the Chinese coronavirus pandemic. Brazil simultaneously reduced its sales of key exports to the United States, making its market more dependent on China.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.