In the early 2010s, China reached a new level of importance for Brazil compared to the early 2000s, mainly due to its role as Brazil’s top trading partner and source of trade surplus. While Brazil wasn’t entirely satisfied with the north-south trade pattern (its exports remained concentrated in soybeans, iron ore, and oil, while importing various manufactured goods from China)3, there was a clear understanding of the significance of bilateral trade and political relations with China, especially regarding broader actions in the international system, notably through BRICS.
During Dilma Rousseff’s presidency (2011-2016), Brazil maintained a foreign policy that emphasized developing countries and coordination with major emerging nations (Sousa, 2016). In 2012, the second COSBAN Plenary Session took place, further strengthening bilateral cooperation. That same year, the two countries signed the Brazil-China Ten-Year Plan (2012-2021), setting guidelines and goals for cooperation in various areas such as trade, investment, science and technology, and culture.
This plan aimed not only to increase bilateral trade but also to promote investment in strategic sectors like infrastructure, energy, and mining (Plano, 2012). China was the first country President Rousseff visited outside Latin America in 2011, underscoring the importance the government placed on the partnership. The trip was followed by a large business delegation of around 300 entrepreneurs, aiming to establish business ties with China through missions organized by various institutions. However, the initial optimistic perspective of striking a “business deal” with China, which surrounded Lula’s first visit to the country in 2004, had given way to more realistic views (Sousa, 2016).
Lula’s government had sought closer ties with China as part of a policy to diversify partnerships and reduce Brazil’s external vulnerability (Vigevani & Cepaluni, 2017). However, at the time of Dilma’s presidency, China had become by far the main destination for Brazilian exports and the largest investor in Brazil in 2010. Meanwhile, Brazil was unable to perform similarly in the Chinese market. This showed emerging asymmetries between countries arising from the fact that during the course of the previous two decades while China had advanced to become one of the largest economies in the world, Brazil, despite having developed well during the Lula government, had lagged behind. In fact, in the post-2008 scenario, Brazil began to suffer from a process of deindustrialization to which many analysts considered that China contributed to (Sousa, 2016).
Thus, the narrative that underpinned the relationship could no longer be diversification; the Rousseff administration replaced it with the principle of reciprocity (Sousa, 2016). As Salek (2011a) illustrated during an interview with Xinhua, Dilma explained: “This is a relationship that, I believe, will be very well developed between the two countries because there are areas where China can be crucial for Brazil and others where Brazil can be crucial for China... based on a concept that I consider very important in a relationship between equals: reciprocity.”
The government’s perception was that relations with China had played and continued to play a crucial role in helping Brazil deal with the post-international crisis scenario, but the growing economic asymmetry needed to be addressed. Brazil wanted to sell higher value-added products to China and attract productive Chinese investments. The vision was that the growing of the trade and investment flow from China required greater coordination with the Chinese government so that it could serve national development objectives in Brazil: “More than commercial partners, we want to be partners in research, technology, innovation, and development of truly binational technology products,” stated Rousseff (Salek, 2011b). For this, the
resumption of COSBAN plenary meetings from 2012 was seen as essential.
The February 2012 meeting was chaired on the Brazilian side by Vice President Michel Temer and on the Chinese side by Vice Premier Wang Qishan. Various topics were discussed, from multilateral coordination between the countries to deepening cooperation in science, technology, and innovation. However, trade issues dominated the agenda. In an article published before the meeting, Vice President Temer (2012) set the tone for discussions, arguing that despite growing relations, the challenge remained “to provide means to go beyond complementarity […] We need to diversify trade flows to increase the share of higher value-added products in Brazilian exports.” He emphasized that Brazil had engaged “with Chinese partners to identify new areas for investment, bearing in mind the importance attributed to adding value to our production chains,” recognizing that this effort had already yielded concrete results, as in 2011, “16 projects representing $7.14 billion in Chinese direct investments in Brazil were announced” with “74% destined for manufacturing, semi-manufacturing, and research and development, in addition to Chinese investments in the food, agricultural chemicals, and energy sectors” (Temer, 2012). However, Brazilian companies needed greater reciprocity when investing in China.
Later in 2012, Chinese Premier Wen Jiabao visited Brazil, and several bilateral agreements were signed, notably the Brazil-China Ten-Year Cooperation Plan (2012- 2021). The plan elevated the strategic partnership to a global level. It stated: “Since the international economic crisis of 2008, the two countries have held frequent consultations to mitigate its effects. To reflect this new stage in Sino-Brazilian relations, both countries decided to designate them as a global strategic partnership” (Plano, 2012). The plan’s elaboration and implementation aimed to “deepen the execution of the Joint Action Plan signed by the leaders of both countries, focusing on promoting cooperation in science and technology, economic, cultural, and
people-to-people exchanges” (Plano, 2012).
The plan also established priorities and key projects in the following areas: science, technology, innovation and space cooperation; mining, energy, infrastructure and transportation; investment, industrial and financial cooperation; economic and commercial cooperation; cultural, educational cooperation and people-to-people exchanges (Plano, 2012). Many parts of the plan reaffirmed points already established in the Joint Action Plan (2010-2014). Notable among the projects and priorities was the goal of creating a “Brazil-China Biotechnology Center, focusing on joint research and development (R&D) in Medicine and Life Sciences, Biomedicine, Bioinformatics, and Nanotechnology, and their application in the aforementioned
areas” and a Brazil-China Nanotechnology Center, which had been previously discussed (Plano, 2012) and was subsequently implemented.
Additionally, the plan aimed to increase cooperation in mining, oil, and gas sectors, targeting the “establishment of coordinated systems for the production and processing of oil and gas with local content, both onshore and offshore, and for the transportation of natural gas, to supply domestic and international markets with added value” (Plano, 2012). The plan also established to increase “the participation of local content in the oil and gas production chain, as well as in the wind and solar energy industries, by promoting joint ventures between companies from both countries” (Plano, 2012). In subsequent years, as stated by Schutte (2020), Chinese investments in Brazil in the oil sector grew, including in association with
the Brazilian state company in the sector, Petrobras. Fonseca et al (2024), in turn, they highlighted the increase in Chinese investment in sectors such as wind and solar.
Following the ten-year plan, the third COSBAN Plenary Session was held at the end of 2013, and the fourth session in mid-2015. Both were important for strengthening bilateral plans, especially facilitating the launch of a new Joint Action Plan for the period 2015-2021 in 2015.
Despite the tone of the documents from 2015 onwards still pointing to Brazil’s desire to diversify its exports to China by increasing added value, the focus was more on attracting Chinese investments to Brazil in energy, production, technology, and infrastructure sectors than trying to remedy the north-south trade pattern. As shown in graph 2 (above), Brazilian exports had been concentrated in basic goods. Faced with the difficulty of changing the north-south trade pattern, attracting Chinese investments was seen as compensatory mechanism by Brazil.
Against the reality - given the countries’ positions in the international division of labor (China reaching the top of the global chains, while Brazil faced difficulties in its industry) - it would be very difficult for the trade pattern to change between countries, it seemed more realistic trying to attract Chinese investments that could bring jobs, technologies and contribute to modernizing the Brazil´s production structure. Thus, the plan focused on trying to articulate the increase in Chinese investments in Brazil, which produced results, as shown in graph 4 (below).

With Michel Temer’s presidency (2016-2018), COSBAN meetings ceased as Brazil temporarily lacked a formal vice-president, who would be responsible for chairing the national session of the Commission. Despite this, Brazil-China relations continued to develop well during his government, benefiting from the already structured relationship framework. During Temer’s tenure, Brazil received various Chinese investments previously negotiated and which emerged from new opportunities arose from his concession and privatization policies. As shown in graph 4 (above), from 2017 onwards there has been a significant increase in Chinese investment projects confirmed in Brazil.
However, changes in the dynamics of relations occurred with Jair Bolsonaro’s presidency (2019-2022). Bolsonaro’s administration was characterized by an alignment with USA foreign policy and open criticism of China. However, the solid structure of bilateral relations built in previous years worked in favor of the continued strategic partnership. After the last decades of growing trade and investment relations, powerful internal actors in Brazil (which have become interdependent with China) acted to constrain the hostile policy that Bolsonaro wanted to direct towards China. Sectors such as agribusiness, animal protein, minerals, telecommunications, among others, supported by pragmatic sectors that existed within the Bolsonaro
government, worked to maintain stability for Brazil-China relations (Sousa et al, 2021).
Within Bolsonaro’s government, specific Ministries such as of Agriculture and of Economy, and the Vice-Presidency of the Republic maintained a strategic approach towards China. Thus, COSBAN meetings resumed. In 2019, the fifth COSBAN Plenary Session occurred, and in 2022, the sixth session. The main outcome was the drafting of the 2022-2026 Executive Plan and the 2022-2031 Strategic Plan to guide bilateral relations and the strategic partnership. Following the trend from the 2015 plan, the focus was on guidelines related to Chinese investments in Brazil.
From 2023, with Lula da Silva’s return for a third term in presidency (2023-2026), the strategic partnership was reinforced. Lula visited China in the first months of his government and was received with honors. In this new phase, efforts are being made to attract Chinese investment to Brazil aimed at industrial development (Sousa et al, 2023). One of the Lula government’s goals is to promote a process of reindustrialization in the country, to this end, it wants to use relations with China to direct investments that can generate technology and industrial capacity. One of the sectors chosen has been electrification (which is mentioned in 2022-2026 Executive Plan and 2022-2031 Strategic Plan), for which Brazil has already managed to attract investments from Chinese companies such as Built Your Dreams and Great Wall Motors. In 2024, the countries held the seventh plenary session of COSBAN with
Chinese investments in Brazilian industrialization as the main topic.
3 According to data from Comex Vis, from 2013 to 2023, at least 98.6% of Brazilian imports from China were from the manufacturing sector. In the same period, at least 75% of Brazilian exports to China are concentrated in the extractive and agricultural sector, with the sum of exports of soybeans, iron ore and oil always occupying at least 70% of the exports to China. (Comex Vis, 2024)
CONCLUSIONS
This study highlighted the development of the strategic partnership between Brazil and China over the past three decades, noting challenges and objectives in each period. Initially, Brazil’s expectations were for preferential treatment from China, but later it became clear that even without such treatment, there were significant opportunities for gains, particularly through the expansion of bilateral trade. The second decade of the strategic partnership, the 2000s, was marked by the institutionalization of mechanisms for relationship planning – COSBAN and its subcommittees – and formalizing key orientations for bilateral relations starting a series of plans.
From the 2010s onwards, more emphasis was placed on attracting Chinese investments to Brazil, seen as compensatory mechanism for the established north-south trade pattern (with Brazilian exports concentrated in a few basic products). Over time, the countries’ positions within the strategic partnership, and what each sought from the other, evolved according to their international standing and development paths. While China rose within the international division of labor and developed industrially, Brazil faced setbacks in its competitiveness and struggled to integrate into global value chains. Consequently, it viewed the strategic partnership as an opportunity to address these objectives. Since Rousseff’s administration (2011-
2016), the focus has been on attracting Chinese investment with more quality. With Lula’s return to the presidency (2023-current), this momentum continues, the idea is to use these investments to modernize the national economy and reinsert the Brazilian productive sector internationally. There is no way to say whether this goal will be achieved or not. But there are certainly mechanisms in bilateral relations to address issues that arise.
Specifically, regarding COSBAN, it was interesting to perceive its importance as a promoter of formal plans for bilateral relations, while also being flexible with the periodicity of meetings and adaptable to the changing interests of the countries. Obviously, the plans made by the Commission result from the interests between the countries, and the interests of both cannot always be fully met. Brazil’s quest to diversify its sales to China has, to this day, remained an unachieved objective, limited by Brazil’s own weakness in competitiveness. On the other hand, when investing in Brazil, China had to adapt to the national market and could not reproduce there the same pattern of relationships that it has with countries in other areas of world. COSBAN has played an important role in promoting mutual knowledge between countries, smoothing out rough edges and stabilizing relations, updating over time the meaning of what a strategic relationship is and creating plans to operationalize it.