Brazil and China Discuss Agreement to Establish Joint Environmental Fund

Written by Valdemar Medeiros

Published on 27/03/2023 at 11:53

Updated on 28/03/2023 at 15:27

Foto: Freepik/SL

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Brazil and China Plan to Sign Agreement to Establish Environmental Fund. President Lula Delays Visit to the Country Due to Mild Pneumonia.

The trip of current President Luiz Inácio Lula da Silva (PT) to China, which was set to take place this week, could contribute to advancing negotiations for the development of a bilateral fund for investment in sustainable technology projects focused on clean energy in both countries.

Brazil and China May Develop Environmental Fund

The discussion about the environmental fund emerged a few months ago and may be boosted by the presence of the Brazilian delegation in Beijing. However, the formal announcement of the creation of the mechanism is not expected to be made during the president’s visit.

According to Celso Amorim, special advisor to the Presidency of the Republic, the format of the environmental fund between Brazil and China has not yet been determined. However, according to information gathered by the media, the fund is expected to have public and private contributions.

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President Delays Trip to China

YouTube video — Lula Delays Trip to China Again on Medical Advice

Carlos Fávaro, Minister of Agriculture and Livestock, stated last Sunday (26) that the signing of agreements finalized between Brazil and China will be postponed until the president travels to China. Lula had to cancel his trip to the country to treat pneumonia. A new date for the trip has not yet been set. During an interview, Fávaro stated that there is a range of signatures that will bring better competitiveness and opportunities to the Brazilian people. All will be carried out in the presence of President Lula.

The Minister of Agriculture decided to maintain the agendas in the country and added that advancing the signatures between Brazil and China will not harm negotiations or the implementation of partnerships. The countries have approximately 20 agreements ready for signing.

These cover various areas such as health, education, agriculture, finance, industry, technology, and science. In addition to the environmental fund, one of the agreements to be signed concerns Cbers-6 – the first Sino-Brazilian satellite for monitoring the Earth’s surface, focusing on forests.

Brazil and China Will Finalize Agreements for 6G, AIs, and Chips

In the future, Brazil is expected to sign a cooperation agreement with China that will include measures related to chip production, 6G implementation, and even projects involving artificial intelligence, essential technologies in the technological race with the U.S. According to information, topics such as solar energy generation, cloud computing, data protection, the internet of things, and superconductors are also expected to be discussed. The documents should be finalized during the president’s visit to China.

As soon as Lula lands, he is expected to have a busy agenda filled with technology commitments. First, he is set to visit tech giant Huawei, one of the pioneers in this new technology.

Subsequently, he will meet with executives from BYD, a competitor of Tesla in the electric vehicle sector, who is negotiating to buy Ford’s factory in Camaçari, Bahia. In addition, he will also talk to businessmen from State Grid, in the energy sector, and the construction company China Communications Construction Company (CCC), one of the main participants in China’s Belt and Road Initiative.

Brazil and China Discuss Agreement to Establish Joint Environmental Fund

Brazil and China Plan to Sign Agreement to Establish Environmental Fund. President Lula Delays Visit to the Country Due to Mild Pneumonia.

Brazil and China May Develop Environmental Fund

President Delays Trip to China

Brazil and China Will Finalize Agreements for 6G, AIs, and Chips

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Brazil and China Discuss Agreement to Establish Joint Environmental Fund

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Brazil and China May Develop Environmental Fund

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