Li urges enhanced industrial investment cooperation with Brazil

Workers build subway train cars for Brazilian buyers at a China North Locomotive and Rolling Stock Industry (Group) Corp factory in Changchun, Jilin province. [Photo/Xinhua]

BRASILIA - Chinese Premier Li Keqiang on Tuesday called on China and Brazil to map out a new plan for industrial investment cooperation.

Li, who is on an official visit to Brazil, made the remarks during talks with Brazilian President Dilma Rousseff in Brasilia.

Both China and Brazil are major emerging economies and the largest developing countries in the eastern and the western hemispheres, respectively, said Li.

Strengthened cooperation between the two nations are conducive to promoting their respective national development, maintaining the overall developing momentum of the emerging markets and advancing global recovery, he said.

He suggested the two sides develop a roadmap for industrial investment cooperation based on the framework agreement on industrial capacity investment and cooperation, so as to build an updated version of their mutually beneficial cooperation.

The industrial investment cooperation should focus on areas of railway, mining, electric power and equipment manufacturing, said the premier.

He urged substantial progress in building a railroad connecting South America's Pacific and Atlantic coasts as well as enhanced industrial chain cooperation in clean energy, iron ore and agriculture.

He called on the two countries to enhance cooperation in oil and gas exploration and exploitation, petrochemical equipment and shipbuilding trade and investment.

China supports its enterprises to expand investment in Brazil and share experiences and technology with their Brazilian partners, said Li.

To facilitate bilateral cooperation, he suggested the two sides further strengthen cooperation in the settlement in local currencies.

The premier also called for more exchanges and cooperation in the field of science, culture, education, tourism and youth between the two countries.

China is ready to work with Brazil to push forward China-Latin America Comprehensive and Cooperative Partnership and beef up strategic coordination within the multilateral framework of the United Nations, the Group of Twenty, the BRICS and the BASIC countries, to jointly safeguard the solidarity and interests of developing countries, said Li.