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LONDON, April 9 (Xinhua) -- Following a meeting in Brazil, British Chancellor1 of Exchequer2 George Osborne and Brazilian Finance Minister Guido Mantega announced regular economic and financial dialogue between the two countries, according to the British government's website on Wednesday.
Dialogue between one of the world's major emerging markets and one of the world's advanced economies will strengthen mutual3 cooperation and boost trade and investment, the statement said.
"The dialogue will provide a channel for ongoing4 contract between the two governments with regular meetings of finance ministers. This will ensure that we exploit opportunities to strengthen trade links, share expertise5, and facilitate infrastructure6 investment," the announcement noted7.
During his trip in Brazil, Osborne said Britain had "mistakenly" overlooked Brazil's potential in recent years, added that increasing trade relations with Brazil and the rest of South America was "a priority."
The finance minister also unveiled plans for a new Rolls-Royce marine8 facility, worth 22 million pounds (36.8 million U.S. dollars) in Rio de Janeiro.
He also announced a 4 million pounds UK trade and investment cash injection for mid-size business advisors9, as well as a 2 million pounds investment in expanding links with Latin America.
Osborne is the first British finance minister to travel to Brazil in 17 years. The British government aims for British companies to double exports to 1 trillion pounds by 2020.
Only 1 percent of Britain's exports went to Brazil in 2013, official data showed. However, mutual trade between the two countries has grown by 50 percent in four years. (1 pound = 1.67 U.S. dollars)
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1 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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2 exchequer | |
n.财政部;国库 | |
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3 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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4 ongoing | |
adj.进行中的,前进的 | |
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5 expertise | |
n.专门知识(或技能等),专长 | |
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6 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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7 noted | |
adj.著名的,知名的 | |
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8 marine | |
adj.海的;海生的;航海的;海事的;n.水兵 | |
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9 advisors | |
n.顾问,劝告者( advisor的名词复数 );(指导大学新生学科问题等的)指导教授 | |
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