China’s Chery bids for tariff relief by building plant in Brazil.
SAO PAULO – Brazil and China sign a 10-year agreement to increase investment and trade, with the automotive sector a potential sticking point. “We want to expand in reciprocal investments. Among the agreements are associations in the automotive, oil and gas sectors,” Brazil’s Finance Minister Gudo Mantega says during the Rio+20 environmental conference HERE sponsored by the United Nations. China accounts for 17% of Brazil’s international trade ($77 ...
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