Much has been said about how Luiz Inácio Lula da Silva’s third presidency will move Brazil closer to China. Brazil is China’s most important trading partner in South America, and a new agreement to conduct bilateral commerce in their respective currencies rather than the U.S. dollar is expected to further boost bilateral trade. Strengthening China-Brazil relations, especially in the areas of trade and investment, will be at the top of the agenda when Lula meets Chinese President Xi Jinping in Beijing on April 14.