It is reported that China and Brazil have agreed to sign the new trade agreement which will allow two countries became the global strategic partnership for future business relationship.
The trade agreement would encourage two countries to invest and develop in mining, industrial, aviation and infrastructure sectors.
Currently, China was the second largest economy country in the world. Also, it was Brazil's biggest export market respectively.
In addition, the trade agreement would try to make fair business between the two countries and it would benefits each other for similar trading conditions.
Meanwhile, China and Brazil have agreed to give out loans in their local currencies.