OpportunitiesandChallengesFacingChinaandMERCOSURintheContextoftheFinancialCrisis 3 03 chemicalproducts , basemetalsandmanufacturedgoods.Themainimportsinto Chinaareminerals , forestryproductsandanimalhusbandryproducts.According itsofficialstatistics , BrazilmainlyexportstoChinamineralsandplantproducts , andimportsfromChinamainlyelectromechanicalproducts , chemicalproducts , basemetalsandmanufacturedgoods.Chinaismaintainingitsleadershipinthe exportoflabourintensiveproducts.Itstextileproductsandraw materials , furnitureandtoys , lightindustryproductssuchasshoes , bootsandumbrellas rank , respectively , fourth , ninthandtenthinBrazilsHarmonisedSystem ( HS ) categoryofimportsfromChina , accountingfor36.6percent , 45.2percentand 70.5percent , respectively. AccordingtoofficialArgentinestatistics , ArgentinaexportstoChinamainly plantproducts , especiallyoilseeds , plantandanimalgrease , mineralsand leatherproducts.Argentinaimportsfrom China mainly electromechanical products , chemicalproducts , transportationequipment , textileproductsandraw materials. Sincethebeginningofthetwentyfirstcentury , theshareofSinoLatin AmericantradeinChinasforeigntradehasrisensignificantly , fromabout3per centto6percent.LatinAmericahasbecomeoneofChinasmostimportant trading partners. Mutualcomplementarity , mutual benefits and reciprocity characterisethepartnership.MERCOSURhascontributedgreatlytotherapid growthinSinoAmericantrade.BrazilisChinaslargesttradingpartnerinLatin America , andinApril2009ChinabecameBrazilslargesttradingpartnerforthe firsttime.ArgentinaisChinasfourthlargesttradingpartnerinLatinAmerica. ChinaisArgentinaslargesttradingpartner , secondlargestexportmarketand thirdlargestsourceofimports. 1.2 SubstantialProgressin Economicand TechnologicalCooperation with China:TheCasesofBrazil , ArgentinaandUruguay 犛犻狀狅犅狉犪狕犻犾犻犪狀犆狅狅狆犲狉犪狋犻狅狀 Chinaisthemostpopulousdevelopingcountryintheworld , whileBrazilis the most populous developing countryin the Western hemisphere.Both economiesaregrowingrapidly.Owingtothelateestablishmentofdiplomatic relationsandapolicyonbothsidesoftreatingdevelopedcountriesastheir diplomaticpriority , investmentandeconomiccooperation betweenthetwo countriesstartedratherlate.However , inthepastfiveyears , thenumberof economiccooperationprojectsbetweenthetwocountrieshasbeenincreasing , as hasthesizeofinvestments. ChinastartedeconomiccooperationwithBrazilin1984 , firstintheformof
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China, the EU and Latin America : current issues and future cooperation
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