Promoting China-Pakistan Economic And Trade Relations To A New Level
Chinese Foreign Ministry sources said that from April 12 to 15, Brazilian President Lula will pay a state visit to China, opening a "new moment" in bilateral relations between China and Brazil. Since the establishment of diplomatic relations between China and Pakistan for nearly half a century, the bilateral relations have been steadily advancing, playing a positive role in promoting the stability and prosperity of the region and the world. Brazil is the first developing country to establish a strategic partnership with China and the first Latin American country to establish a comprehensive strategic partnership with China. China has been Brazil's largest trading partner for 14 consecutive years, and it is also an important source of direct investment in Brazil. In recent years, China and Brazil, both major developing countries, important emerging market countries, and BRICS countries, are working together to explore a wider space for cooperation. Analysts pointed out that Lula's visit to China is an important part of a series of major diplomatic actions after he adjusted his foreign policy. Brazil plans to communicate with China on a series of issues such as trade, science and technology, education, culture, climate change, and regional hotspots. The purpose is to further deepen bilateral cooperation and push bilateral relations to a new level.
Build a solid foundation for economic and trade cooperation
From cross-ocean Brazilian meat products appearing on Chinese tables, to Brazilian companies at the CIIE negotiating cooperation with China, to "Made in China" rail trains running through Sao Paulo, the largest city in Brazil... In recent years, China The economic and trade cooperation with Brazil is showing the characteristics of pragmatic advancement and accelerated quality improvement.
"Judging from President Lula's governing style, he attaches great importance to developing relations with China, and looks at the cooperation between the two countries from Brazil's global strategy, regional cooperation, and bilateral relations." BRICS Cooperation Center, Beijing Normal University Director Wang Lei said in an interview with a reporter from China Trade News that Lula's visit to China will open a new stage of all-round cooperation between the two most representative emerging economies in the world, and will be of great help to the promotion of cooperation among developing countries. It is of great significance to unite and cooperate and promote South-South cooperation.
According to China Customs statistics, the bilateral trade volume between China and Pakistan will reach US$171.49 billion in 2022, a year-on-year increase of 4.9%. Among them, China's export value was 61.97 billion U.S. dollars, an increase of 15.7% year-on-year; the import value was 109.52 billion U.S. dollars, the same as the previous year. At present, Brazil is China's largest source of imports of soybeans and chicken, and important agricultural products such as corn have also achieved rapid growth in exports to China. China is also an important source of direct investment in Brazil, and bilateral practical cooperation is steadily advancing, covering a wide range of fields such as manufacturing, energy, and agricultural infrastructure.
Recently, China-Pakistan trade and investment exchanges have become increasingly close, and economic complementarity has been continuously enhanced. China and Brazil signed the "Memorandum of Cooperation on the Establishment of RMB Clearing Arrangements in Brazil" earlier this year, and the two countries will settle bilateral trade in their own currencies. In this regard, Liu Ying, member of the Chongyang Institute for Financial Research at Renmin University of China and director of the cooperative research department, said in an interview with a reporter from China Trade News that this can reduce the risk of exchange losses and exchange rate fluctuations, thereby reducing the transaction costs of bilateral trade; It is conducive to improving the degree of liberalization and facilitation of China-Brazil trade, and attracting more Brazilian and Chinese companies to participate in bilateral trade and investment. "Brazil and Argentina carried out bilateral local currency cooperation earlier, and drove the de-dollarization process of the Southern Common Market. Therefore, the bilateral settlement of the local currency between China and Brazil will also promote economic and trade cooperation between China and other countries in the Latin American region, and build a wider field and more levels. More pragmatic and efficient cooperation channels." Liu Ying believes that this agreement also has a certain spillover effect, and Latin American countries will also have more wait-and-see and expectations for cooperation with China, which will help expand the influence of the RMB in Latin America and promote the cooperation between China and Latin America. Economic and trade exchanges.
"The release of China and Pakistan's positive willingness to cooperate will directly stimulate the consolidation of BRICS economic and economic cooperation, and will continue to promote the formation of a mutually beneficial and common development cooperation pattern among BRICS countries." Wang Lei believes that in the current increasingly complex international Under the circumstances, the BRICS countries including China and Pakistan can not only unite to meet various major global challenges and promote regional stability, but will also contribute more to building a fairer and more reasonable world order.
Discover new growth points for cooperation
"Although there have been political changes in Brazil in recent years, it is worth noting that the cooperation between China and Brazil has not been deeply affected, which fully shows that the two countries have a strong willingness to cooperate practically, especially in the economic and trade field. "Yue Yunxia, director of the Economic Research Office of the Latin American Institute of the Chinese Academy of Social Sciences, said in an interview with our reporter that even during the epidemic, the scale of China-Pakistan trade has grown steadily, showing strong resilience.
It is worth noting that Lula's visit to China will lead a huge delegation, including several cabinet ministers, governors, 39 congressmen and 240 business leaders. Lula will also visit the headquarters of the BRICS New Development Bank in Shanghai and attend the inauguration ceremony of former Brazilian President Dilma Rousseff as the president of the BRICS New Development Bank.
According to Yue Yunxia's observation, Brazil's dispatch of a large delegation to China this time shows the sincerity of cooperation on the one hand, and on the other hand, it also shows that the cooperation between the two countries is going through a process of constant quantitative changes, and they both want to promote a qualitative leap. Coordinate and cooperate on the existing basis to jointly solve deep-rooted problems in the field of bilateral economic and trade cooperation such as trade structure imbalance and enterprise investment barriers, and further explore new growth points for cooperation.
"The in-depth coordination of the cooperation mechanism between the two parties will play a role in clearing mines and paving the way, laying a solid foundation for the sustainable and healthy bilateral economic and trade cooperation in the future." Yue Yunxia said that China will unswervingly expand its policy of opening up to the outside world and continue to promote trade liberalization And investment facilitation measures, as well as a huge market and demand will provide a strong impetus for Brazil's economic development.
The reporter observed that the current trade between the two countries is concentrated in bulk commodities and industrial products in the traditional fields. Brazil exports soybeans, corn, and iron ore to China; China mainly exports machinery and equipment, computer and communication technology equipment, instruments, textiles, steel, and transportation tools to Brazil. However, in recent years, the two countries have increasingly strengthened their willingness to cooperate in emerging trade and industrial investment fields, including communication technology, new energy vehicles, green economy and digital economy. Brazilian companies also hope to open up more space for cooperation in emerging fields.
Wang Lei said that China-Pakistan economic and trade cooperation has broad prospects for development in the fields of finance, agriculture, tourism, aerospace and other fields. He suggested that the China-Pakistan High-Level Committee be further utilized to promote China-Pakistan economic and trade cooperation as a leading and top-level design role, and draw a new blueprint for China-Pakistan economic and trade cooperation; continue to expand China-Pakistan two-way investment, and consolidate the overall situation of China-Pakistan economic and trade cooperation through investment cooperation; further Improve and expand the global space for China-Pakistan economic and trade cooperation, especially to promote China-Pakistan to strengthen policy communication and position coordination under major global multilateral mechanisms such as the World Trade Organization, the Group of Twenty, and the BRICS countries.
