Brazil hopes to reach agreement with China on new projects – 2024-07-31 19:19:53

by times news cr

2024-07-31 19:19:53

Chinese President Xi Jinping plans to meet with Brazilian President Luiz Inacio Lula da Silva in Rio de Janeiro in November 2024, when the G20 summit is held there, and agreements on new projects are expected to be reached, Brazilian Vice President Geraldo Alckmin told the Hong Kong newspaper South China Morning Post, Day.Az reports with reference to TASS.

According to him, the parties are preparing an extensive agenda and plan to sign several agreements that will bring China and Brazil closer together economically. This visit, the publication recalls, is to take place almost a year and a half after the meeting of the leaders of the two countries in Beijing, where over 20 agreements worth about $10 billion were signed.

As Alckmin indicated, the talks will focus on “expanding trade and investment flows, exploring new areas of technological and scientific cooperation and the infrastructure sector.” According to him, Brazil hopes to make “relevant announcements of new projects and investments, opening the Chinese market to new Brazilian products, including agribusiness and civil aviation.”

“We have high hopes for Chinese President Xi Jinping’s visit to Brazil at the end of the year. It will be an excellent opportunity to deepen these discussions and implement concrete initiatives that can bring significant benefits to both countries,” the publication quotes him as saying.

As Alckmin noted, Brazil intends to continue relations with China at a high level, but at the same time will not jeopardize its ties with other traditional partners.

“I don’t think Brazil should choose one relationship over another. We will continue to maintain high-level relations with China without compromising our relations with other traditional partners,” the vice president said, stressing that Brazil has broad and deep relations with both China and the United States.

“Brazil is a large country, one of the most populous and vast in the world, with a complex and important economy – the eighth largest in the world. These characteristics have led us throughout our history to pursue a universalist and pragmatic tradition in foreign policy. We maintain relations with all countries and are accustomed to building bridges between North and South, East and West, industrialized and developing countries,” Alckmin said.

According to him, a “new cold war” could create the impression of division, the deepening of which Brazil would like to avoid. “Despite the differences between the world’s major powers, we cannot deny the reality of an increasingly interconnected and interdependent world that requires solutions based on multilateral agreements,” the vice president said.

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