Representatives of the Brazilian and Chinese governments held, on the afternoon of Tuesday (16), in the state capital, the 2nd Forum of Financial Cooperation Brazil-China. For the morning of this Wednesday (17), the 11th meeting of the Economic-Financial Subcommittee Brasil-China, which is part of the Sino-Brazilian Commission of High Level of Concertation and Cooperation (COSBAN) is scheduled.
According to the Secretary of International Affairs of the Ministry of Finance, Tatiana Rosito, who heads for the Brazilian delegation, the meetings intend to offer subsidies to the government agenda of the two countries to increase bilateral dialogue.
“We seek to structure work to deepen mutual knowledge about markets, explore their potential, expand financial connectivity and mobilize private resources for sustainable financing,” he said.
Tatiana Rosito added that the event will serve government representatives to hear the private sector of countries about their priorities, their challenges and potential partnerships, “areas in which governments can act to facilitate, expand and make bilateral financial cooperation more dynamic,” he said.
Local coins
The president of the Brazil China Business Council (CEBC), ambassador Luiz Augusto de Castro Neves, stressed that the deepening of financial relations between countries is the new frontier of the development of Brazil-China relations. According to Neves, countries have strong commercial and investment ties, but still have limited financial connections.
“We have advanced in facilitating transactions in local currencies, which have the potential to reduce costs, mitigate exchange risks and expand financial ties between companies in both countries.”
The Brazilian delegation has members of the Ministry of Foreign Affairs, Agriculture and Livestock, the Civil House, the Institute of Applied Economic Research, the Superintendence of Private Insurance (SUSEP), the Securities Commission (CVM) and the National Bank for Economic and Social Development.
The Chinese delegation has representatives of the Ministry of Foreign Affairs, National Administration of Financial Regulation, the Securities Regulation Committee, the China Development Bank and the China Importation Bank and Export Bank.
