Research on the Development of China-Brazil Trade Relationship under the Lula Administration—Based on the Comprehensive Strategic Partnership

Abstract

During President Lula’s visit to China, the two sides issued a joint statement on deepening the comprehensive strategic partnership, which made clear the common will to continuously promote economic and trade cooperation. The trade structure of China and Brazil is highly complementary, and the trade relationship has been stable. Due to Brazil’s good agricultural development and rich natural resources, the commodities exported to China are mainly soybeans, crude oil, and iron ore, and there has been a trend of gradually enriching commodity structure in recent years. The continuous positive development of China’s trade relations is reflected in the following aspects: On the one hand, from the data of the first three quarters of 2023, it can be seen that Brazil’s trade surplus with China has a trend of continuous expansion, which plays a positive role in the recovery of Brazil’s national economy; On the other hand, from the perspective of internal affairs and multilateral mechanisms, the future development of China-Brazil trade relationship can generate more possibilities and convenience under the multilateral framework, and improve the “common integration” of developing countries trade.