In 2000 Brazil’s trade with China constituted 1 percent of its trade portfolio, a mere rounding error in the billions that make up international trade, an insignificant sliver compared to the country’s traditional trade routes to Europe and the USA… Read More ›
Chinese firms, mostly state owned enterprises (SOEs), have poured into Brazil, even taking into account the unreliability of FDI measures the figures are impressive (US $ 68 billion announced between 2007 – 2012) and largely reflect the trade relationship with… Read More ›
The emergence of a Chinese controlled Asian Infrastructure Bank and a New Development Bank backed by the BRICS countries along with the rapid rise of the China Development Bank and the Export and Import Bank of China have raised the… Read More ›
China and Russia recently agreed a ground-breaking new natural gas pipeline deal, worth around US$400 billion (although significantly it will be paid for in Renminbi not Dollar) following 10 years of tortuous negotiations. This will come on top of an… Read More ›
The Presidency of Luiz Inácio Lula da Silva saw Brazil dramatically change its international profile, his charismatic leadership saw a transformation of the Brazilian economy from risky emerging market prospect, to a thriving modern economy. His foreign policy focused on… Read More ›
Great infographic shows the BRICS growing influence in Africa, but also remind us that European countries and the US (the traditional trade partners) remain big players in the continent.
BRICS leaders discuss the prospects for intra-BRICS trade growth