Brazil and Chile Strengthen Ties, Criticize Global Trade Wars

Brazilian President Lula and Chilean President Boric condemn global trade wars while strengthening their bilateral ties. They emphasize multilateralism, criticize U.S. protectionism, and announce new agreements affecting various sectors. Both leaders express optimism for growth in trade and infrastructure projects, symbolizing a deeper commitment to cooperation within South America.

In a notable press conference held on Tuesday, Brazilian President Luiz Inácio Lula da Silva and Chilean President Gabriel Boric voiced strong opposition to the ongoing global trade wars. They reiterated their commitment to multilateralism and called for greater regional unity in South America. During this dialogue, both leaders criticized the protectionist measures taken by the United States, arguing they hinder regional progress.

Lula questioned why Latin America has not attained similar levels of technological development as more advanced countries, hinting that U.S. policies might be a contributing factor. In alignment, Boric stressed that Chile firmly opposes the “politicization of trade” and is committed to achieving strategic independence in its foreign relations. He stated, “We believe in friendship among South American countries and free trade that benefits our people.”

The growing trade relationship between Brazil and Chile was also a focal point. Boric noted that their bilateral trade now surpasses Chile’s dealings with most European countries, signaling significant economic potential. He identified investment, technology, transportation, and financial services as key sectors ripe for growth.

In addition to economic discussions, Lula and Boric announced several new bilateral agreements covering areas like defense, public security, agriculture, culture, and entrepreneurship. Moreover, Boric accepted an invitation from Lula to attend the upcoming BRICS summit, arranged for July 6-7 in Rio de Janeiro, further underscoring their commitment to regional cooperation.

As a centerpiece of their burgeoning relationship, both leaders highlighted the progress on a bi-oceanic corridor project, aimed at connecting Brazil’s Atlantic coast with Chile’s Pacific ports via northern Argentina and Paraguay. This infrastructure project symbolizes their strengthened ties and shared vision for regional integration.

In summary, the recent press conference between Presidents Lula and Boric marks a pivotal moment for Brazil and Chile in solidifying their regional partnership. Their unified stance against protectionist practices, alongside ambitious new bilateral agreements, signals a robust commitment to multilateralism. The plans for a bi-oceanic corridor project further exemplify their intention to deepen ties and enhance economic cooperation across South America.

Original Source: menafn.com