Brasilia, 10 May 2022 (TDI): The Federative Republic of Brazil and the People’s Republic of China plan to hold the sixth plenary session of COSBAN this month.
They will hold the session as an online videoconference. Hamilton Mourão, the Brazilian Vice-President, and Wang Qishan, the Chinese Vice-President, will co-chair the conference.
COSBAN (Sino-Brazilian High-Level Commission) is the bilateral mechanism for dialogue and coordination between Brazil and China.
A COSBAN, principal mecanismo de diálogo e coordenação entre Brasil e China, realizará sua VI Sessão Plenária no próximo dia 23/5, por videoconferência, sob a copresidência dos vice-presidentes Hamilton Mourão e Wang Qishan. pic.twitter.com/ntD7xoycAd
— Itamaraty Brasil 🇧🇷 (@ItamaratyGovBr) May 9, 2022
The upcoming COSBAN Session will focus on the approval of new guiding plans for Brazil-China cooperation in the coming years. The parties will discuss the “Strategic Plan 2022-2031”, and the “Executive Plan 2022-2026.”
Likewise, these plans are intended to deepen and strengthen comprehensive cooperation between the two giants.
Moreover, the representatives will also address priority issues in bilateral relations, such as agriculture, trade, economy, and political affairs.
Previously, Brazil and China have conducted five sessions of the bilateral dialogue mechanism. These sessions resulted in improved economic, political, and trade ties between the two partners.
Both countries established official diplomatic relations in 1974. Since then, bilateral ties have developed on the basis of shared values such as non-interference, equality, and mutual benefit. Likewise, both countries enjoy a good working relationship.
Brazil and China are both considered rising regional powers. Although China is the most populous country in the world, Brazil is not far behind with the 6th largest population in the world. Furthermore, China is Brazil’s largest trading partner since 2009.
In addition, successive Brazilian governments considered China to be Brazil’s most promising business partner and a strategic ally. Brazil is the biggest destination of Chinese investment and products in Latin America.
Moreover, both countries have cooperated in the fields of military, infrastructure development, science and technology, and international politics.
Meanwhile, both countries are also part of the BRICS bloc, an economic bloc consisting of Brazil, Russia, India, China, and South Africa.