In a world full of uncertainties, China and Brazil are joining hands to build a fairer world and a more sustainable planet. Leaders from both countries have issued a joint statement emphasizing their commitment to multilateralism and free trade.
“We do not want the supremacy of one country over others. What we want is for trade to be fair and balanced, and for everyone to be able to sell and buy equitably,” said Brazilian President Luiz Inacio Lula da Silva during his visit to China.
China and Brazil, both key members of the Global South, share similar development goals. By leveraging their complementary strengths, they aim to enhance cooperation in various fields. This week, they signed several agreements in Beijing to strengthen their economic ties.
One of the highlights of the visit was the agreement to allow Brazil to export an ethanol by-product used in animal feed to China. This move not only boosts Brazil’s agricultural sector but also supports China’s commitment to open trade.
As some countries turn away from free trade, China and Brazil are stepping up to defend it. Their unity sends a strong message about the importance of cooperation and mutual benefit in international relations.
The central banks of both countries also signed a memorandum of understanding on financial strategic cooperation. Renewing their bilateral currency swap agreement, they aim to facilitate better coordination in financing and international monetary policies.
Together, China and Brazil are amplifying the voice of the Global South on the world stage. They are advocating for peace, multilateralism, and a more equitable global trading system.
“I believe that the Global South is the political novelty of the 21st century,” President Lula said. “It is possible to grow even more because there are many people who want to join the Global South.”
In these uncertain times, the unity between China and Brazil serves as a beacon of hope for a more just and sustainable world.
