Trading in own currencies facilitates transaction, lowers cost: Brazilian diplomat

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Trading in own currencies facilitates transaction, lowers cost: Brazilian diplomat

STORY: Trading in own currencies facilitates transaction, lowers cost: Brazilian diplomat DATELINE: April 1, 2023 LENGTH: 00:01:48 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of scenes in Brazil 2. various of scenes in China 3. SOUNDBITE (English): JOSE ROBERTO DE ANDRADE FILO, Vice consul-general of Brazil in Shanghai STORYLINE: The Brazilian government recently said that Brazil and China could trade in their own currencies in the future, and not use the U.S. dollar as an intermediary. A Brazilian diplomat in Shanghai told Xinhua that such an arrangement will facilitate bilateral trade and lower the cost of transaction. SOUNDBITE (English): JOSE ROBERTO DE ANDRADE FILO, Vice consul-general of Brazil in Shanghai "China is the biggest trade partner of Brazil. It has been so for 14 consecutive years and we have all the elements to believe that this will keep being the situation for many years to come. So it's natural that we can facilitate and lower the cost of transaction. That's posi

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