Brazil, Britain for 'ambitious' bilateral trade

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SAO PAULO, (Internet) Brazil and Britain are determined to grow their bilateral trade and are also committed to seeing failed world trade talks revived, ministers from both countries said in Sao Paulo Monday.brBritain and Brazil can do more trade together than we currently do, British Secretary of State for Business John Hutton told a media conference after a meeting with Brazilian Trade Minister Miguel Jorge.brI just launched a challenge ... that we double our trade over the next five years, from 5.2 billion dollars in 2007 to 10 billion dollars in 2012, Miguel said. The two ministers met for the third Joint Economic and Trade Committee, which was first set up between their countries in 2006. brThe forum's aim is to boost trade flows between Brazil, Latin America's biggest economy and a major commodities exporter, and Britain, the third-biggest economy in the European Union. brCurrently, Britain ranks only as Brazil's 15th biggest trading partner in terms of exports, according to a Brazilian government table that puts the United States, China and Argentina in the top three. Brazil exports far more to Britain than it imports.