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BEIJING, May 23 (Xinhua) -- Chinese vice president Wang Qishan on Thursday held talks with Brazil's Vice President Hamilton Mourao in Beijing. They also co-chaired the fifth meeting of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN).

The Chinese-Brazilian ties have been developing steadily ever since the two countries established diplomatic ties 45 years ago, said Wang, adding that their bilateral relationship has become mature and stable relationship.

The two sides maintain close communication and coordination on major international and regional issues, and have effectively promoted the solidarity and cooperation between developing and emerging market countries, Wang said.

He noted that both sides are committed to promoting development through structural reforms and opening up, and said that China was ready to work with the Brazilian side to make good use of the COSBAN to jointly resist the uncertainty of the external environment, make greater contributions to the recovery of global economy, and create a new era of higher-level, broader areas and more dynamic bilateral relations.

Mourao said Brazil and China respected each other and shared profound traditional friendship. The Brazilian new government attaches great importance to the comprehensive strategic partnership with China and is willing to strengthen dialogue and cooperation between the two countries as well as to promote the integration of the Belt and Road Initiative with Brazil's development strategy.

Brazil is willing to strengthen cooperation with China in the multilateral arena, maintain the stability of the international system, and make contributions to promote world peace and prosperity, he said.

The two sides agreed to strengthen exchanges and cooperation in various fields, promote trade facilitation, optimize trade structure and promote high-quality growth of bilateral trade, according to a news briefing.

The two sides attach great importance to dovetailing the Belt and Road Initiative with Brazil's development strategy including the investment partnership projects.

The two sides agreed to continue to cooperate closely under multilateral organizations and frameworks such as the United Nations, the BRICS countries and the World Trade Organization (WTO), jointly maintain multilateralism and free trade, improve global economic governance, and safeguard the multilateral trading system with the WTO as the core to build an open world economy, said the news briefing.