Lula and Xi sign dozens of trade deals as Brazil-China ties deepen

Presidents of China and Brazil hail ‘new phase’ successful relations betwixt 2 countries, which are awesome trading partners.

Chinese President Xi Jinping and his Brazilian counterpart Luiz Inacio Lula da Silva person inked dozens of waste and acquisition and improvement deals, arsenic nan brace held talks successful Brazil’s superior aimed astatine deepening ties betwixt nan 2 countries.

The leaders connected Wednesday showcased their increasing bilateral narration by signing astir 40 agreements connected trade, exertion and biology protection.

“This is different historical infinitesimal successful nan improvement of China-Brazil relations,” said Xi, adding that China was fresh to make nan countries “golden partners”.

For his part, Lula said he was “confident” that nan business “will transcend each expectations and pave nan measurement for a caller shape of bilateral relations”.

Xi’s sojourn to Brasilia comes aft his attendance earlier this week astatine a Group of 20 (G20) summit successful Rio de Janeiro arsenic good arsenic an Asia-Pacific Economic Cooperation (APEC) acme past week successful Lima, Peru.

Recebendo o presidente da China, Xi Jinping, nary Palácio da Alvorada. 🇧🇷🇨🇳

📸 @ricardostuckert pic.twitter.com/R2xwDl8s9j

— Lula (@LulaOficial) November 20, 2024

The Chinese leader figured prominently astatine some meetings, successful opposition pinch outgoing United States President Joe Biden, who is successful nan last weeks of his clip successful agency up of nan January inauguration of incoming US President Donald Trump.

China has been an progressively important waste and acquisition partner and investor successful Latin America successful caller years, while galore observers expect nan US authorities nether Trump to erect further trade and migration barriers that will impact nan region.

A group image connected nan first time of nan G20 acme highlighted nan moment, pinch Xi beforehand and centre adjacent to nan presidents of Brazil, India and South Africa – China’s partners successful the BRICS group of awesome processing nations.

Biden missed that photograph op for “logistical reasons”, nan White House said.

Lula, who took agency successful early 2023 aft nan tumultuous tenure of his far-right predecessor Jair Bolsonaro, has been seeking to reset Brazil’s relationships pinch its overseas allies.

Experts have said nan Brazilian leader also is trying to “carve retired … a unique role” for Brazil successful world geopolitics by maintaining ties pinch Washington while besides building relationships pinch nan US’s rivals, including China and Russia.

On Wednesday, Lula welcomed Xi pinch afloat honours, greeting him connected nan reddish carpet arsenic horse-mounted guards rode past, a subject brass set played their 2 countries’ nationalist anthems, and lines of children waved Chinese and Brazilian flags.

China is Brazil’s largest trading partner overall, pinch two-way commerce exceeding $160bn past year.

The South American state sends chiefly soybeans and different superior commodities to China, which successful move sells Brazil semiconductors, telephones, vehicles and medicines.

Source

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Al Jazeera and news agencies