Brazil, China ink deals to boost investment-Mantega

by Reuters
Thursday, 21 June 2012 22:06 GMT

RIO DE JANEIRO, June 21 (Reuters) - Brazil and China signed a series of agreements on Thursday to increase trade and investment between the two emerging market powerhouses, Brazilian Finance Minister Guido Mantega said.

Speaking at the U.N. Rio+20 sustainable development summit in Rio de Janeiro, Mantega said the agreements would lead to an increase in exports of Brazilian-made airplanes to China.

The agreements will also allow Embraer to assemble commercial jets in China, a potentially huge market for the Brazilian aircraft manufacturer. (Reporting by Rodrigo Viga Gaier; Writing by Todd Benson; Editing by Paul Simao)

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