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標題: [國際新聞] Brazil-China to Sign $30 Billion Currency Swap Agreement Soon [打印本頁]

作者: peter236 時間: 2012-6-22 12:14 標題: Brazil-China to Sign $30 Billion Currency Swap Agreement Soon

http://www.bloomberg.com/news/2012-06-21/brazil-china-to-sign-30-billion-currency-swap-accord-soon-1-.html

By Joshua Goodman - Jun 21, 2012

Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.

The currency swap, worth 60 billion reais or 190 billion yuan, will be the first step in a broader agreement with Russia, India and South Africa to allow members of the so-called BRICS group of emerging markets to pool resources to better weather the global financial crisis, Mantega told reporters yesterday in Rio de Janeiro.

The agreement, which was discussed this week by leaders of the BRICS at a Group of 20 summit in Mexico, marks another step in a deepening trade between the world’s two largest emerging markets. China overtook the U.S. in recent years to become Brazil’s biggest trading partner, though Mantega said yesterday that the $76 billion in bilateral commerce last year, 17 percent of Brazil’s total, is just the beginning.

“There’s no limit to how much trade can grow,” Mantega said.

The agreement to swap currencies was reached during a meeting between Brazilian President Dilma Rousseff and her counterpart, Chinese Premier Wen Jiabao, visiting Rio for an United Nations environmental conference.

As part of a series of bilateral accords signed yesterday, both governments pledged to boost cooperation and investment in aerospace, beginning with the launch this year of a joint weather satellite. Brazil’s central bank will also increase the amount of information it shares with the China Banking Regulatory Commission to better supervise affiliates of the two nations’ financial institutions.

Mantega said the agreements will help boost the sale of Embraer SA-manufactured jets and other industrial goods so that bilateral trade isn’t dominated by Chinese demand for Brazilian iron ore, soy and other commodities.

作者: peter236 時間: 2012-6-22 12:15

本帖最後由 peter236 於 2012-6-22 12:18 編輯

This is good news as they can bypass the $US when doing any trade between the two countries and also among the BRICS countries.
China and Japan also started to directly convert their Yuan-Yen.

作者: Ovaltine 時間: 2012-6-22 18:59

回復 2# peter236

peter why don't you stop praising the evil Communist regime of China, post some Julian Assange articles..how the West is fraudelently prosecuting this heretic, kinda of Li Wong Yang in China

作者: peter236 時間: 2012-6-22 19:29

回復 peter236

peter why don't you stop praising the evil Communist regime of China, post some Julian Assange articles..how the West is fraudelently prosecuting this heretic, kinda of Li Wong Yang in China
Ovaltine 發表於 2012-6-22 18:59

If you have some secrets about Julian Assange being treated unfairly, you can start your new thread. It sounds like an interesting topic.

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