Expert: RMB clearing reduces China-Brazil trade costs

English Español Français العربية Русский

RSS Newsletters

Radio TV

Newsletters
RSS

LANGUAGE
English Español Français العربية Русский Documentary CCTV+

Radio TV

Download

00:46

Margaret Myers, director of the Asia & Latin America Program at the Inter-American Dialogue, shared with CGTN the potential benefits of the yuan clearing arrangement between China and Brazil. The agreement enables Brazil to accept trade settlements and investments in yuan, leading to reduced transaction costs and risk in bilateral trade.