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brazil declines to join china's new silk road initiative

Brazil has decided not to join China's New Silk Road initiative, as President Lula da Silva's administration believes it does not align with the country's interests. This announcement follows a recent celebration of the Brics community, co-founded by Brazil and China, highlighting setbacks in Xi Jinping's major foreign policy project.
Neue Zürcher Zeitung
United States Dollar Brics BRA RUS CHN Lula da Silva Xi Jinping Celso Amorim Show more
Finance & Economy, News Article
17:00 11.11.2024

Brazil rejects China's Silk Road initiative amid calls for better terms

Brazil has declined to sign the Silk Road Treaty with China, citing unmet expectations for technology transfer and reliable investment commitments. As Brazil seeks to maintain a non-aligned stance in global politics, it emphasizes the need for a partnership that extends beyond mere trade, especially given China's market restrictions on Brazilian technology products.
Neue Zürcher Zeitung
United States Dollar Chinese Yuan Brazilian Real Embraer S.A. BRA COL PER IND USA CHN Xi Jinping Luiz Inácio Lula Celso Amorim Show more
Finance & Economy, News Article
17:52 31.10.2024
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