Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit
Tuesday, July 15th 2014 - 07:19 UTC
Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit
Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
Rousseff received the Russian head of state in Brasilia Monday after both figures attended the World Cup final, which in 2018 will be held in Russia.
The meeting took place ahead of tomorrow's summit of the BRICS nations, composed of Brazil, Russia, India, China and South Africa, in the north-eastern city of Fortaleza. One of the central issues discussed by Rousseff and Putin was the trade objective of 10bn, agreed three years ago.
In 2013 the total reached just 5.56bn, a drop of 2% compared to the previous year, but both presidents affirmed that doubling the figure is a “realistic” objective and could be achieved medium-term, due above all to the size of both economies. With that goal in mind, Brazil and Russia signed an agreement designed to increase trade with the promotion of mutual investments.
The sixth annual meeting of the BRICS gathers the Economy Ministers and Central Bank Presidents of each participating nation. Argentine President Cristina Fernández will arrive on Tuesday to attend the BRICS head of States summit, invited by Russia’s Vladimir Putin.
More:
http://en.mercopress.com/2014/07/15/putin-and-rousseff-discussed-doubling-bilateral-trade-ahead-of-brics-summit
