Brazil has endorsed the “One China policy,” which asserts Taiwan’s integration into China, a move seen as a sign of deeper ties between the two nations.

Chinese Foreign Minister Wang Yi praised the policy as a sign of improved relations between China and Brazil, both part of the BRICS alliance.

The two countries have improved relations under Lula da Silva, a socialist politician.

A visa agreement was signed to promote commerce and tourism, with validity extended from five to ten years.

Brazil’s biggest export destination is China, primarily for iron ore and soy.

Chinese companies are preparing to increase investments in Brazil, particularly in power transmission, oil, and electric vehicles.