Brazilian President Luiz Inácio Lula da Silva and Chilean President Gabriel Boric reaffirmed their commitment to multilateralism at a recent press conference, condemning U.S. protectionist policies. They emphasized the need for stronger regional bonds, announced new bilateral agreements, and highlighted the growth of trade between Brazil and Chile, alongside plans for a bi-oceanic corridor project.
In a strong display of unity, Brazilian President Luiz Inácio Lula da Silva and Chilean President Gabriel Boric gathered on Tuesday to reaffirm their commitment to multilateralism and the necessity of regional solidarity in the face of escalating global trade wars. The leaders expressed serious concerns about protectionist policies being implemented by the United States, which they believe undermine the potential for cooperation among South American nations.
Lula emphasized the need to strengthen regional institutions and questioned why Latin America has lagged behind in technological advancements compared to more developed countries, attributing some of this disparity to U.S. trade practices. Boric echoed Lula’s sentiments, stating Chile’s firm stance against what he termed the “politicization of trade” and highlighted the importance of strategic independence in international dealings. “We believe in friendship among South American countries and free trade that benefits our people,” he articulated.
Both presidents noted that trade relations between Chile and Brazil have flourished, now surpassing Chile’s trade volumes with numerous European nations. Boric pointed to untapped potential for growth across various sectors, including investment, technology, transportation, and financial services, as a critical opportunity for both nations.
During the press conference, the leaders also announced new bilateral agreements aimed at enhancing cooperation in areas such as defense, public safety, agriculture, culture, and entrepreneurship. Boric accepted Lula’s invitation to participate in the forthcoming BRICS summit, set to take place in Rio de Janeiro on July 6-7.
Highlighting a key joint initiative, Lula and Boric discussed advancements on a bi-oceanic corridor project, which aims to create a trade route linking Brazil’s Atlantic coast with Chile’s Pacific ports through the northern regions of Argentina and Paraguay. This project is viewed as a symbol of their deepening bilateral relationship and commitment to fostering regional connectivity.
In summary, the collaboration between Brazil and Chile highlights a significant step towards strengthening South American unity amid global economic challenges. Both leaders condemned U.S. protectionist measures and underscored the importance of multilateralism, with an emphasis on enhancing bilateral trade and cooperation through new agreements. The development of the bi-oceanic corridor further signifies their commitment to not just economic ties, but regional integration as a whole.
Original Source: menafn.com
