"The ministers are to discuss the increase and diversification of mutual trade turnover, the achievement of its balance, prospects for development of trade and economic cooperation, the expansion of Russian exports of machinery and equipment /including high-tech products/ to Brazil, and conditions of mutual access of goods to the markets of both countries," the Economic Development and Trade Ministry reported.
The Russian-Brazilian trade turnover has recently grown more than twice. In 2000 it totaled 650 million dollars and in 2003 - 1.4 billion dollars.
Russia exports to Brazil raw materials and semi-finished products including fertilizers, metals and alloys and imports mainly agricultural and food products, such as tobacco, raw sugar, pork, poultry and instant coffee.
Russia is interested in the increase of supplies of finished products, first of all, machinery, to Brazil and the search for objects of investment cooperation. The introduction of Russian energy equipment and aircraft into the Brazilian market is underway, the Economic Development and Trade Ministry added.