Brazil, the “b” in BRIC – which stands for Brazil, Russia, India and China, four countries deemed to be in a similar stage of economic development – has managed to maintain a healthy economy despite the recession, thanks in large part to foreign exports. As international business relationships continue to blossom in Brazil, fellow BRIC country China has emerged as a prominent trade partner.
In 2009, China was the largest importer of Brazilian goods, spending US$19.9 billion. Driving the trade partnership was China’s need for agribusiness exports – a sector in which Brazil thrives.
