News 

It is reported that Brazilian government is planning to impose strict quality control measures on products entering Brazil from Asia, more specifically goods from China in the second quarter this year in order to protect the domestic industry. The industry insiders estimate that the abovementioned measures will cover about 240 thousand types of products such as shoes, textiles, and automobiles.

In 2009, China replaced the US to become Brazil’s largest trade partner. The bilateral trade value between China and Brazil amounted to USD77 billion in 2011; China was Brazil’s largest investment source and China’s trade surplus reached USD11.5 billion.