Brazilian President Michel Temer wound up two days of meetings at the annual BRICS summit, this year in South Africa, with an appeal for more Chinese investments in Brazil’s infrastructure and greater openness to Brazilian imports. The BRICS countries are Brazil, Russia, India, China and South Africa. After meeting with Chinese President Xi Jinping, Temer said he appealed to Chinese leaders to consider boosting their investments in Brazil, especially in infrastructure projects. He said he also asked the Chinese to “lay aside” tariff surcharges on Brazilian sugar and poultry while allowing more Brazilian soybean products into China, not just raw soybeans. “These points were well received by the Chinese,” Temer said. More broadly, the BRICS leaders called for strengthening of multilateral institutions such as the World Trade Organization and the World Bank. They condemned rising protectionism in global trade.
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