Brazilian President Luiz Inacio Lula da Silva said on Friday he expected the annual trade turnover between Russia and Brazil to double in the next few years reaching $10 billion.
In the period 2004-2008, annual turnover reached $6.8 billion. In 2009 it declined to $4.6 billion due to the global economic downturn.
"Our economies have come out of the crisis stronger. Because of this, I am sure we can increase trade turnover to $10 billion in the near future," he said at a business forum in Moscow.
"A qualitative leap is needed for the development of our relations: we should increase the share of high added value goods in trade turnover and eliminate all the barriers," he said.
The Brazilian president is paying his fourth visit to Russia. In mid-April he met Russian President Dmitry Medvedev in the Brazilian capital at the BRIC (Brazil, Russia, India, China) summit of emerging economies. Brazil is one of Russia's key partners in Latin America and the BRIC group.
MOSCOW, May 14 (RIA Novosti)
