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China, Brazil Sign Deals at Summit
Posted on April 12, 2011
BY BRIAN SPEGELE
BEIJINGChina and Brazil, two of the world’s fastest growing economies, announced a handful of commercial agreements on Tuesdayincluding an order worth up to $1.5 billion for Brazilian aircraft from Chinese companiesat a time when Brazil has become increasingly frustrated with Chinese trade practices.
Economic ties between the countries have become strained in recent months amid complaints by Brazil that China has flooded its markets with cheap goods and has restricted access to its own markets for Brazilian goods other than commodities. This follows rapid expansion in trade between the countries, with total trade tripling in the last five years to …