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Investing.com -- Brazil will set up a tax advisory office in China, according to the Brazilian Finance Ministry, highlighting the strategic importance of this move as the two countries strengthen their relationship.
The decision reflects Brazil’s increasing focus on its ties with China, which is its largest trading partner, amid rising global tensions due to tariffs introduced by U.S. President Donald Trump.
A presidential decree draft will create the new post in Beijing. Preparatory documents cite the "growing complexity" of bilateral trade and the need to improve cooperation on tax and customs matters.
The Finance Ministry stated that tax advisory offices or attaches play a "strategic role" in international cooperation by exchanging information essential for fighting tax and customs violations. These offices also provide technical guidance on Brazilian legislation to foreign investors and citizens abroad, which helps improve legal certainty and the business environment.
While Brazil’s trade initiatives toward the United States have not received responses, its relations with China have continued to strengthen.