“We are discussing with China the possibility of also creating a free trade area with China, while we are talking about OECD membership,” Guedes said. Sino-Brazilian cooperation in space is not limited to the CBERS program. In August 2020, Brazil`s Alya Nanosatellites Constellation EO and Beijing`s Tianlian Space Technology Co. Ltd of China agreed to cooperate in the construction of a ground control station in Bahia for spacecraft communication and control. China has also been interested in Brazil`s Alcantara space launch facility, whose position near the equator makes it ideal for putting spacecraft into equatorial orbit. However, in the short term, a 2019 agreement between the US government and the Bolsonaro administration on the commercial exploitation of the facility in the US appears to have ruled out their availability for the PRC. At the federal level, COSBAN continues to support the progress of Chinese trade and projects in the country, a binational ministerial committee created within the framework of the strategic partnership between Brazil and China, in order to facilitate cooperation, but whose use has been different in different Brazilian administrations. During President Xi`s state visit to Brazil in December 2019, the two governments agreed to use COSBAN as an important coordination tool. For China, it may be better to wait for the current political debacle in Brasilia. Bolsonaro lacks deep roots in the Brazilian establishment or party system. In addition, Brazil deals twice as much with China as with the United States, a trend amplified by recent U.S.-China trade disputes20 China`s rise as a counterweight to U.S. hegemony will ultimately remain attractive to Brazilian officials and foreign policy analysts seeking to maximize their country`s strategic autonomy internationally.

The United States should also view Brazil as a trading and productive partner and not as a rival that channels investment to Brazil as much as possible and uses U.S. Development Finance Corporation, América Crece, and/or subsequent programs of a subsequent U.S. government. China became Brazil`s largest trading partner in 2009. [5] [10] Former Brazilian President Luiz Inácio Lula da Silva and many Brazilian media outlets consider China to be Brazil`s “most promising trading and strategic partner” due to China`s “growing demand for raw materials and agricultural products.” [11] Bilateral trade increased from $6.7 billion in 2003 to $36.7 billion in 2009. [12] Brazil`s far-right President Jair Bolsonaro wants to follow, but he is hampered by the fact that China is Brazil`s largest trading partner, which buys much of its soybean and iron ore.