Latin American countries strengthen trade ties with China
On May 13, 2025, Brazilian President Luiz Inácio Lula da Silva arrived in Beijing for an official visit. The visit holds great significance as it coincides with crucial events that will further enhance the long - standing relationship between Brazil and China.
High - level Meetings and Strategic Dialogues
Upon his arrival, President Lula had the honor of meeting with Chinese President Xi Jinping. The two leaders engaged in in - depth discussions on a wide range of topics, from political cooperation to economic and trade relations. Their meeting reaffirmed the strong strategic partnership between the two countries. President Xi Jinping pointed out that the strategic decision to upgrade the bilateral relationship to a community with a shared future for mankind last year, when the two countries celebrated the 50th anniversary of diplomatic relations, has drawn a grand blueprint for the next "golden 50 years" of China - Brazil relations.
In the face of a complex and volatile international situation, both countries are committed to deepening the construction of a community with a shared future, strengthening the alignment of development strategies, and promoting unity and cooperation among developing countries in the Global South. President Lula emphasized that Brazil and China respect each other and share a common destiny, and the bilateral relationship is unbreakable and immune to external interference.
Participation in the Fourth Ministerial Meeting of the China - CELAC Forum
On the same day, President Lula also participated in the Fourth Ministerial Meeting of the China - Community of Latin American and Caribbean States (CELAC) Forum in Beijing. The theme of this meeting is "Jointly Seek Development and Revitalization, and Build a Community with a Shared Future for China and Latin America and the Caribbean." Chinese President Xi Jinping delivered a keynote speech at the opening ceremony of the meeting, announcing that China and Latin American countries will jointly launch five major projects to promote development and rejuvenation and build a community with a shared future.
The Fourth Ministerial Meeting of the China - CELAC Forum is of great significance as it is the tenth anniversary of the formal operation of the China - CELAC Forum. Over the past decade, the forum mechanism has become increasingly mature and has become an important platform for equal dialogue and mutually beneficial cooperation between China and Latin American and Caribbean countries, adding new connotations to the comprehensive partnership between China and Latin America and injecting new impetus into the construction of a community with a shared future.
Signing of the Bilateral Local Currency Swap Agreement
After the Fourth Ministerial Meeting of the China - CELAC Forum, a significant achievement was announced. The People's Bank of China and the Central Bank of Brazil signed the "Renminbi/Real Bilateral Local Currency Swap Agreement." The renewal scale of the swap between China and Brazil is 190 billion yuan/157 billion Brazilian reals, and the agreement is valid for five years. This move will further facilitate trade and investment between the two countries, reduce exchange rate risks, and promote the use of local currencies in bilateral economic and trade activities.
The signing of the currency swap agreement is not only a manifestation of the deepening economic and trade cooperation between China and Brazil but also a strong impetus for the economic and trade cooperation between China and Latin American countries. It reflects the common will of both sides to strengthen financial cooperation and jointly promote regional economic stability and development.
Strengthening of Economic and Trade Cooperation between Latin American Countries and China
In recent years, Latin American countries have been actively strengthening economic and trade cooperation with China. China has become an important trading partner for many Latin American countries. The continuous expansion of bilateral trade volume has brought tangible benefits to the people of both sides. At the Fourth Ministerial Meeting of the China - CELAC Forum, both sides reached a series of consensus on further deepening economic and trade cooperation.
China is willing to strengthen cooperation in various fields with Latin American and Caribbean countries under the framework of the Belt and Road Initiative and the Global Development Initiative, improve connectivity, and maintain the stability of the industrial and supply chains. Latin American countries also hope to seize the opportunities brought by China's high - quality development, learn from China's successful experience, and expand all - round cooperation to achieve mutual benefit and win - win results.
F.E.R. Company's Business in Latin America
F.E.R. Company, as an enterprise with extensive international business operations, has long - standing trade relations with major companies in Latin America. In addition to Europe and the Middle East, Latin America has become the company's third - largest sales region. The company mainly sells various storage products, among which Household Essentials Metal Egg Storage Kitchen Basket and Chicken Wire Egg Storage Basket Holiday And Daily are the best - selling items, and these products have received long - term welcome from customers.
Moreover, F.E.R. Company has been continuously developing and expanding various types of metal products in cooperation with South American customers every year, and has won wide acclaim from customers. With the continuous encouragement of economic and trade exchanges between the two countries, F.E.R. Company hopes to achieve better development in 2025 and grow rapidly together with its customers in the region. The company's experience in Latin America also reflects the broad prospects of economic and trade cooperation between China and Latin American countries at the enterprise level.
In conclusion, the visit of the Brazilian President to China, the holding of the Fourth Ministerial Meeting of the China - CELAC Forum, and the signing of important agreements such as the bilateral local currency swap agreement have all sent positive signals for the further development of economic and trade cooperation between China and Latin American countries. With the joint efforts of governments and enterprises on both sides, it is believed that the economic and trade cooperation between China and Latin American countries will reach a new height, bringing more development opportunities and benefits to the people of both sides.