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China: LatAm tour kicks off with Brazil deals

By  |  May 26, 2015

Brazil and China signed a massive 35 investment and International Cooperation agreements, totalling over $53 billion. The deals include financing deals for Petrobras, as well as the purchase of up to 60 aircraft from Brazilian manufacturer Embraer.

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    The investment package, dubbed as the Joint Action Plan 2015-2022, signed by President Dilma Rousseff, “inaugurates a new stage in our relationship”. The Head of State hailed both countries’ contributions to the building of a “New global order”.

    One of the best-known projects related to the plan involves the possible building of a cross-continent railway, cutting from Brazil’s east to the shores of Peru to ease the flow of Brazilian goods to China.

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