China And Brazil Hold The Eighth Meeting Of The Economic And Trade Subcommittee Of The High-level Coordination And Cooperation Committee. Both Sides Agreed To Deepen Mutually Beneficial Economic And Trade Cooperation

On November 16, 2021, Wang Shouwen, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations, Brazilian Deputy Foreign Minister Sarkis, and Deputy Minister of Economy Rossi co-hosted the China-Brazil High-Level Coordination and Cooperation Committee Economic and Trade Subcommittee in video format The eighth meeting of the meeting, exchanged views on implementing the consensus reached by the leaders of the two countries and improving the level of economic and trade cooperation. Chinese Ambassador to Brazil Yang Wanming and Brazil Ambassador to China Valais attended the meeting and delivered speeches.

Wang Shouwen said that since the beginning of this year, President Xi Jinping and President Bolsonaro have exchanged letters on many occasions, reaching important consensus on the development of Sino-Pakistani relations and pointing out the direction for the economic and trade cooperation between the two countries. The bilateral trade volume between China and Pakistan has maintained a high level of operation, surpassing 100 billion U.S. dollars for three consecutive years, demonstrating strong resilience and potential. The economies of China and Pakistan are highly complementary and the prospects for mutually beneficial cooperation are broad.

Wang Shouwen emphasized that China is willing to work with Brazil to promote the joint construction of the "Belt and Road" cooperation initiative and Brazil's "Investment Partnership Program" strategy, to promote the digital economy and green development investment cooperation to achieve more results, and jointly strengthen communication and coordination under the multilateral framework , To safeguard the interests of developing countries. China welcomes Pakistan to actively participate in important exhibitions such as China International Import Expo, Service Trade Fair, Canton Fair, CIFIT, and continuously expand new space for practical cooperation and further enhance the level of bilateral economic and trade relations. It is hoped that Pakistan will continue to provide an open, fair and non-discriminatory market environment for Chinese companies.

The Pakistani side stated that it attaches great importance to the development of economic and trade cooperation with China, regards China as an important economic and trade partner, and is willing to strengthen strategic alignment and policy communication with China, promote trade and investment facilitation, and further tap potential. Pakistan is willing to strengthen cooperation with China in such areas as infrastructure, aviation and customs to promote the healthy development of bilateral trade. Pakistan-China vaccine cooperation is progressing smoothly, and there are broad prospects for cooperation in the fields of green development and digital economy. Chinese companies are welcome to continue to invest in Pakistan.

Both parties agreed to give full play to the important leading role of the China-Pakistan Economic and Trade Sub-Committee mechanism in promoting bilateral economic and trade cooperation, and promote consultations and exchanges in investment, trade, customs and other fields, and pragmatic cooperation on key projects. This is the sixth meeting of the China-Pakistan High-level Committee. Be prepared; actively explore investment cooperation in the field of digital economy and green development; strengthen cooperation under plurilateral and multilateral frameworks such as WTO, G20, BRICS, China-Portuguese-Speaking Countries Economic and Trade Cooperation Forum (Macao), etc. .