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

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

Al Jazeera
Wednesday, November 20, 2024 07:52:27 PM UTC

Presidents of China and Brazil hail ‘new phase’ in relations between two countries, which are major trading partners.

Chinese President Xi Jinping and his Brazilian counterpart Luiz Inacio Lula da Silva have inked dozens of trade and development deals, as the pair held talks in Brazil’s capital aimed at deepening ties between the two countries.

The leaders on Wednesday showcased their growing bilateral relationship by signing nearly 40 agreements on trade, technology and environmental protection.

“This is another historic moment in the development of China-Brazil relations,” said Xi, adding that China was ready to make the countries “golden partners”.

For his part, Lula said he was “confident” that the partnership “will exceed all expectations and pave the way for a new phase of bilateral relations”.

Xi’s visit to Brasilia comes after his attendance earlier this week at a Group of 20 (G20) summit in Rio de Janeiro as well as an Asia-Pacific Economic Cooperation (APEC) summit last week in Lima, Peru.

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