President Lula and President Boric convened at the Brazil-Chile Business Forum focusing on boosting trade relations. Lula emphasized profitable, mutual agreements while addressing social policies’ impact on tourism. The forum concluded with the signing of 13 agreements aiming for deeper cooperation. Trade figures revealed significant interaction, further solidifying Brazil’s partnership with Chile.
On April 22, President Luiz Inácio Lula da Silva and Chilean President Gabriel Boric concluded the Brazil-Chile Business Forum in Brasília, aimed at enhancing trade relations. The forum took place at the headquarters of the National Confederation of Industry, where business leaders from both countries gathered to discuss opportunities for collaboration across various sectors. President Lula emphasized that successful business deals should benefit both nations, stating, “A good deal is one where both countries profit.”
Lula’s remarks underscored a desire to foster a climate of cooperation rather than conflict. He mentioned the need for mutual respect of sovereign interests in trade. He spoke of the aspirations of their peoples to enjoy a high quality of life, innovating through access to science and technology. “We do not want a cold war. We want to prioritize the sovereign interests of our peoples,” Lula declared.
He also highlighted the positive impact of social policies on the economy. Lula noted that a 10.7% increase in income among the poorest over two years could lead to increased Brazilian tourism to Chile, affecting sectors like transportation and hospitality as financial circulation grows.
Chilean President Boric complemented these sentiments by affirming the security both countries provide for investors, which in turn facilitates economic development. He pointed out that Brazil is Chile’s third-largest trading partner after China and the U.S., emphasizing that Chile is a more significant trading partner for Brazil than the U.K. or France.
Boric introduced the South American Integration Routes, specifically mentioning the Capricorn Bioceanic Route. This route is intended to connect various Brazilian ports to Chilean ports. “It is a project we will leave behind, and it is a State policy,” Boric said, indicating plans for completion by 2026, within Lula’s current presidential term.
Mario Cezar de Aguiar, the vice president of CNI, expressed gratitude for the leaders and the active participation of business representatives, calling for a strengthened partnership between Brazil and Chile. He noted that working together is crucial to addressing global challenges.
Rosario Navarro, representing the Chilean Society of Industrial Promotion, stressed the importance of unity between the two nations. \”Now is the time to turn this vision into actions and results,\” she stated.
The event culminated in the signing of 13 agreements in diverse areas including public security, agriculture, and artificial intelligence, signifying a broadening of cooperation. Brazil and Chile continue to enhance their longstanding trade relations, which involves robust bilateral investments benefitting both economies.
From January to March 2025, trade between the two reached USD 2.7 billion, with Brazil exporting $1.56 billion and importing $1.21 billion. Key exports from Brazil included crude oil and meat, while imported products from Chile featured salmon and copper.
In recent years, Brazil and Chile have reinforced their shared commitment to regional economic integration, aiming to foster stronger collaborations in areas like science and technology and defense matters. While navigating a complicated global economic landscape, both leaders seem poised to champion sustainable growth between their nations.
The Brazil-Chile Business Forum served as a noteworthy platform for both President Lula and President Boric to reinforce their commitment to strengthening bilateral trade relations. The discussions emphasized mutual benefit in business dealings, underscoring how cooperation can spur economic growth and mutual prosperity. Notably, with initiatives like the Capricorn Bioceanic Route and the signing of multiple agreements, the two countries are steering towards a future of enhanced collaboration.
Original Source: www.gov.br
