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Xi Jinping meets Brazilian President Lula, signs more than 30 agreements

Xi Jinping meets Brazilian President Lula, signs more than 30 agreements

 


Chinese President Xi Jinping visited Brasilia on Wednesday for a state meeting with Brazilian President Luiz Inacio Lula da Silva, commemorating 50 years of diplomatic relations between the two countries and the signing of more than 30 government agreements.

Xi arrived mid-morning at the Alvorada Palace, the official residence of the Brazilian presidency, where he received state honors and watched a performance by Chinese and Brazilian children.

He was to hold a private meeting with Lula, followed by an expanded session with ministers from both countries.

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Sources close to the negotiations said the Chinese government would announce the opening of its market to Brazilian sorghum, sesame and fresh grapes.

Exporting grapes has been a long-standing goal for Brazil, which has for years sought to expand trade with its Asian partner. Since the grapes must be processed before being exported, the product adds value and has the potential to create employment domestically.

The negotiations were complicated because the opening of the fruit market is generally a reciprocal agreement; when one party authorizes the importation of a fruit, the other is expected to do the same. Brazilian producers are reluctant to make concessions to Chinese fruit imports for fear of increased competition.

Brazilian negotiators also tried to secure the export of other agricultural products, such as pork and beef offal and distillers grains (DDG), a byproduct of corn ethanol production.

However, given that trade in these categories requires updated health protocols, progress is expected to be delayed until 2025.

Additionally, Brazil's National Confederation of Industry is set to formalize a science and technology cooperation agreement with Tsinghua University, China's leading higher education institution.

Brazil also signed a memorandum of understanding with Chinese company SpaceSail and the China National Data Administration to provide internet services via satellite in low Earth orbit. The initiative is considered a priority by Brasilia as it aims to reduce dependence on existing foreign suppliers, including Elon Musk's company Starlink.

The agreement includes a feasibility study to ensure that SpaceSail can comply with Brazilian data regulations and become an alternative for civil and military services.

Sources

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2/ https://finance.yahoo.com/news/xi-jinping-meets-brazilian-president-093000674.html

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