Chinese ambassador promotes Belt and Road membership in Brazil pitch

09 Sep, 2024

Chinese ambassador promotes Belt and Road membership in Brazil pitch

China and Brazil are in discussions to enhance their economic partnership through the Belt and Road Initiative (BRI). Beijing’s ambassador to Brasilia, Zhu Qingqiao, described BRI membership as a fundamental step to boost cooperation during a China-Brazil Business Council event in Sao Paulo. Zhu noted that joining the BRI would align with Brazil’s development goals, such as re-industrialization and regional integration, offering mutual benefits for both nations.

Brazilian President Lula da Silva has also indicated openness to the initiative, marking a shift in Brazil’s economic strategy. Zhu emphasized that BRI participation could support strategic infrastructure projects and increase Chinese investments in key sectors like life sciences and technology.

The talks come as Brazil seeks to diversify its exports, currently dominated by soybeans and minerals, while promoting high-value sectors. Additionally, the potential development of the Chancay port in Peru, funded by Chinese loans, could improve Brazil’s access to the Pacific, furthering trade opportunities.

While U.S. officials have expressed concern over Brazil joining the BRI, Chinese authorities have dismissed these criticisms, accusing the U.S. of interfering in sovereign decisions. The growing cooperation between China and Brazil reflects their shared vision for economic growth and sustainable development.