Brazilian President Lula has invited Mexico, Colombia, and Uruguay to the BRICS summit in July to foster multilateralism and trade. The summit will discuss reducing reliance on the US dollar, with a focus on local currencies. Lula emphasized strengthening ties with Uruguay in key areas, while also advancing technological integration in South America with Colombia.
Brazilian President Luiz Inácio Lula da Silva has extended invitations to Mexico, Colombia, and Uruguay for participation in the forthcoming BRICS summit scheduled for July in Rio de Janeiro. The BRICS bloc, which includes Brazil, China, and India, encompasses 40% of the global population and will primarily address issues related to minimizing reliance on the US dollar and encouraging the use of local currencies in trade transactions.
During a visit to Montevideo for the inauguration of Uruguayan President Yamandú Orsi, President Lula stressed the significance of broadening the dialogue to reinforce multilateralism and enhance international trade relations. The summit aims to solidify economic and political strategies while positioning South America prominently within global alliances.
The leader of the Workers’ Party reiterated the influence of BRICS, highlighting that it comprises nearly half of the world’s population and an equivalent share of the global GDP. He underscored the need for a collaborative effort that reaffirms commitment to free trade and inter-nation cooperation, stating, “The BRICS are not a small thing. They have almost half of humanity.”
Moreover, Lula emphasized intentions to strengthen Brazil’s partnership with Uruguay, focusing on key sectors such as South American integration, Mercosur, energy transition, and the preservation of democratic values. He stated, “We will work together on the climate agenda.”
In conjunction with the inauguration, President Orsi engaged with Colombian President Gustavo Petro to discuss high-level technological integration between Uruguay and Colombia. Uruguayan Foreign Minister Mario Lubetkin remarked on the necessity of progressing South American unity and the potential for collaboration in technological advancements including artificial intelligence.
President Petro further elaborated on their discussions, emphasizing technological development and integration as essential components for enhancing South America’s global competitiveness.
In conclusion, President Lula’s invitation to Mexico, Colombia, and Uruguay to join the BRICS summit highlights the bloc’s commitment to enhancing multilateralism and international trade. The summit will focus on reducing dependency on the US dollar and promoting local currencies, positioning South America as a significant player in global alliances. Collaboration in technological advancement and regional integration remains pivotal for the future of South America.
Original Source: en.mercopress.com
