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Brazil hopes trade turnover with Russia to reach 10 bln dollars

November 09, 2011, 14:12 UTC+3

Brazil hopes to have trade turnover with Russia reach ten billion dollars

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MOSCOW, November 9 (Itar-Tass) —— Brazil hopes to have trade turnover with Russia reach ten billion dollars, Brazil’s Ambassador to Russia Carlos Paranhos said on Wednesday during a scientific conference at the Moscow State Institute of International Relations.

“As for our bilateral trade flows with Russia, they have grown four-fold, from two billion dollars in 2003 to eight billion in 2008,” he said. “The economic crisis has affected this criterion, but we are trying to bring it to the earlier level.”

“Our current strategic objective is to reach the level of ten billion dollars,” the ambassador said.

In 2010, bilateral trade turnover exceeded the threshold of six billion, he continued.

“We hope to reach the level of eight billion dollars by the end of the current year already,” he said.

“In the framework of BRICS, cooperation between Russia and Brazil is developing steadily,” he said. “We are truly interested in strengthening the format.”

“Brazil is also for expanding the UN Security Council,” he added.

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