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Brazil about to return to being one of the largest economies in the world! This was the promise made by President Luiz Inácio Lula da Silva during his official visit to Chile. But will Brazil really achieve this feat in 2024?
The statement was made on Monday (05) at the end of the Brazil-Chile Business Forum, an event that brought together around 500 businesspeople from both countries and aims to strengthen commercial relations and provide new business opportunities.
“If Brazil and Chile reach trade of R$13,5 billion, this represents the strengthening of our continent”, declared Lula, emphasizing the importance of good relations with Latin American countries for economic-social agreements.
Lula reinforced that integration with neighbors has once again become a priority for Brazil, which generates confidence to negotiate and invest. He mentioned the signing of 19 agreements that directly impact economic-commercial relations, including areas such as agriculture, combating climate change, tourism, science and technology, and combating inequalities.
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Strength of Latin American entrepreneurship
The significant participation of businesspeople in the event reflects the strength of Latin American entrepreneurship, stated Lula. The meeting was organized by the Brazilian Export and Investment Promotion Agency (Apex Brazil) and was attended by important partners, such as the Chilean-Brazilian Chamber of Commerce and the Brazil-Chile Business Council.
According to Jorge Viana, president of Apex Brasil, investment expectations could reach R$82 million, the largest to date in bilateral events.
Advances and new partnerships in Brazil
During his speech, Lula took stock of actions and investments, highlighting that Brazil is on track to be the eighth largest economy in the world in 2024. He mentioned that Chilean businesspeople will have excellent opportunities in the New PAC and the Nova Indústria Brasil Program.
The New PAC contemplates two integration routes with Chile: the Capricorn Route, connecting Mato Grosso do Sul to Paraguay, Argentina and Chile, and the Porto Alegre-Coquimbo Corridor, connecting Rio Grande do Sul to Uruguay, Argentina and Chile.
Partnership in agriculture
Among the agreements signed during Lula's visit to Chile is a Memorandum of Understanding for agricultural technical cooperation between the ministries of agriculture of the two countries.
The main objective is to promote the development of agricultural systems through the joint implementation of programs and projects.
The Minister of Agriculture and Livestock, Carlos Fávaro, highlighted that the resumption of good relations with commercial partners brings new perspectives for national agriculture. Chilean President Gabriel Boric also emphasized the importance of the relationship between the countries and the agreements signed.
In addition to the agreements in the agricultural area, two other agreements were signed: one on electronic certification of wines and alcoholic beverages, which aims to improve the flow of Chilean wines to Brazil, and one on mutual recognition of Organic Certification, to facilitate trade between the two countries and encourage the inclusion of small and medium-sized producers in the export market.
With so many promises and agreements, it remains to be seen: will Brazil really be able to become one of the largest economies in the world in 2024? Leave your opinion in the comments and participate in this discussion!
