Hundreds of Brazilian agribusiness leaders flooded Beijing this week even before the arrival of President Luiz Inacio Lula da Silva, who’s betting a high-stakes trip to China will further open the world’s biggest commodities importer for his country’s products, helping him make peace with a sector that overwhelmingly supported his predecessor in last year’s election.
Brazil’s Agriculture Minister Carlos Favaro, who landed on Wednesday alongside the unusually large business delegation, has been laying the groundwork for several potential agreements between the two countries. In an interview on Friday, he said his mission is to re-establish warm ties between the countries, and refrained from giving explicit targets for bilateral commerce.
