The presidents of China and Brazil welcome the “new part” in relations between two international locations, that are vital buying and selling companions.
Chinese language President Xi Jinping and his Brazilian counterpart Luiz Inácio Lula da Silva signed dozens of commerce and improvement agreements as the 2 held talks in Brazil’s capital geared toward deepening ties between the 2 international locations.
The leaders confirmed off their rising bilateral relationship on Wednesday by signing practically 40 agreements on commerce, know-how and environmental safety.
“That is one other historic second within the improvement of China-Brazil relations,” Xi stated, including that China was prepared to make the international locations “golden companions.”
For his half, Lula stated he was “assured” that the partnership “will exceed all expectations and pave the way in which for a brand new part of bilateral relations.”
Xi’s go to to Brasilia follows his attendance earlier this week at a Group of 20 (G20) summit in Rio de Janeiro, in addition to an Asia-Pacific Financial Cooperation (APEC) summit. final week in Lima, Peru.
Receiving the president of China, Xi Jinping, on the Alvorada Palace. 🇧🇷🇨🇳
📸 @ricardostuckert pic.twitter.com/R2xwDl8s9j
— Lula (@LulaOficial) November 20, 2024
The Chinese language chief featured prominently in each conferences, in distinction to outgoing US President Joe Biden, who’s within the remaining weeks of his time period forward of the January inauguration of incoming US President Donald Trump.
China has been an more and more vital commerce and funding companion in Latin America in recent times, whereas many observers anticipate the US authorities below Trump to erect extra commerce and immigration boundaries that may have an effect on the area.
A bunch portrait on the primary day of the G20 summit highlighted the second, with Xi entrance and heart alongside the presidents of Brazil, India and South Africa, China’s companions within the BRICS group of main growing nations.
Biden missed that photograph session for “logistical causes,” the White Home stated.
Lula, who took workplace in early 2023 following the tumultuous tenure of his far-right predecessor Jair Bolsonaro, has been attempting to reset Brazil’s relations with its international allies.
Specialists have stated the Brazilian chief can also be attempting to “carve out… a particular function” for Brazil in international geopolitics by sustaining ties with Washington whereas constructing relations with the US’ rivals, together with China and Russia.
On Wednesday, Lula obtained Xi with full honors, greeting him on the purple carpet as horse-mounted guards rode by, a navy band performed the nationwide anthems of their two international locations and rows of kids waved Chinese language and Brazilian flags.
China is Brazil’s largest buying and selling companion general, with two-way commerce exceeding $160 billion final yr.
The South American nation primarily sends soybeans and different main merchandise to China, which in flip sells semiconductors, telephones, autos and medicines to Brazil.
