At Cosban meeting, Tatiana Rosito highlighted advances in financial integration and the growing use of local currencies in bilateral transactions
Brazil and China took another step in strengthening bilateral economic cooperation. The Secretary of International Affairs of the Ministry of Finance, Ambassador Tatiana Rositosaid on Wednesday (17/9) that the two countries work together to expand the use of local coins not only in business transactions, but also in the composition of international reserves and financial portfolios.
According to Rosito, the central objective is reduce transnational costs and minimize exchange riskschallenges that often make it more expensive and make it difficult for large economies.
The speech took place during a meeting of Brazil-China Economic-Financial Subcommitteepart of the Cosban (Sino-Brazilian Commission of high level of concertation and cooperation). The meeting was held at the headquarters of Apexbrasil, in Brasilia, with the presence of Brazilian authorities and a Chinese delegation led by the Deputy Minister of Finance of China, Liao Min.
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Although the press did not follow the internal discussions, the opening of the meeting highlighted the “Tangible Results” recently obtained by the subcommittee.
Recent results and new cooperation fronts
Rosito recalled that in 2024 the Brazil-China Cooperation Fund was relaunched and, this year alone, already approved US $ 2.8 billion for projects aimed at the environmental agenda. Another advance mentioned was the integration of financial markets: in May, Chinese funds ETFs (with negotiated quotas on scholarship) were listed in Brazil.
The tendency is for this integration to intensify. “The next step will be the list of Brazilian ETFs in China, which should open even more space for cross -investment and portfolio diversification,” said the secretary.
In addition, development banks in both countries – such as the BNDESon the Brazilian side, and the China Development Bank (CDB) and the China Import and Export Bank (CEXIM)on the Chinese side – already identify projects and financial mechanisms to foster long -term financing.
Strategic agenda
In Rosito’s assessment, the inclusion of local currencies in international reserves and financial portfolios reinforces the bilateral strategy of expanding the autonomy and predictability of operations.
“We work to expand the use of local currencies, not only in commerce, but also in the composition of financial reserves and portfolios, reducing transnational costs and mitigating currency risks”He said.
The Chinese delegation also had representatives of the Ministry of Foreign Affairs of Chinaas well National Administration of Financial Regulation and from Securities Regulation Commissionbesides the country’s promotion banks.
On the Brazilian side, in addition to the farm team led by Rosito, members of the Ministries of Foreign Affairs, Agriculture and Livestock and the Civil House participated. Also present were technicians from strategic institutions such as the Ipeaa Susepa CVM and the BNDES.
Initiatives are expected to consolidate a new level in Brazil-China relations, bringing the two countries closer to the construction of a less vulnerable financial and commercial environment to dollar oscillations and more favorable to long-term development.
With information from CNN*
Source: https://www.ocafezinho.com/2025/09/18/alianca-brasil-china-mira-soberania-economica-e-fim-do-dolar/
