Russia-Brazil trade up 28%, with good prospects ahead

11:28, May 18, 2011      

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Trade between Russia and Brazil grew 28 percent last year, laying a good foundation for bilateral cooperation, Russian Prime Minister Vladimir Putin told Brazilian Vice President Michel Temer in Moscow Tuesday.

"Brazil is one of our strategic partners not only in Latin America but in the world. We have many interesting projects and very good prospects," Putin said as quoted by the RIA Novosti news agency.

He mentioned Russia-Brazil bilateral cooperation in the UN and BRICS.

Temer responded that his visit to Moscow is fruitful.

"Our relations have been developed in fast pace in various areas like economy, culture, sport, science and technologies," he said.

Temer pointed out that Brazil has been seeking to reach the trade turnout with Russia of 10 billion U.S. dollars.

On Tuesday, Putin participated in the fifth session of the Russia-Brazil joint commission on cooperation. The commission discussed cooperation in hi-tech sphere, aviation, space, nuclear energy, medical technologies and others.

The parties also discussed the bilateral cooperation in the major sports events the two countries would host -- Olympic Games in 2014 and 2016, FIFA World Cups in 2014 and 2018.

Source: Xinhua
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