The Brazil-Russia Romance: Lula Flying to Moscow Twice This Year

Medvedev and Lula A senior Russian Foreign Ministry official announced this Wednesday, February 11, in Moscow, that Brazilian President Luiz Inácio Lula da Silva will be visiting Russia twice this year.

The visits are part of the two emerging market countries' efforts to step up cooperation in world affairs and the global economy, as well as withstand the current financial crisis and promote bilateral trade.

Russian President Dmitry Medvedev's visited Brazil last November as part of a policy to re-establish closer political and trade links with the region and particularly Brazil that is the largest economy in Latin America.

"We have two visits by the Brazilian president planned for this year," Alexei Yermakov said, speaking after a Russian-Brazilian business seminar, adding that Lula is scheduled to attend a summit of BRIC nations – Brazil, Russia, India and China – possibly in the Urals, and has also plans for an official state visit.

The diplomat did not say when the visits would take place but earlier reports anticipated the BRIC summit would be held in June.

Last November Russia and Brazil that is in the process of overhauling its Armed Forces equipment, signed several agreements, including military technology cooperation and mutual visa-free travel for short trips.

Trade between Russia and Brazil reached US$ 6.7 billion last year, up 28% on 2007, and is expected to hit US$ 10 billion "in the near future," according to figures mentioned during discussions at the business seminar.

Brazil sends mostly agriculture produce, food, tobacco and some industrial goods while Russia supplies fertilizers, metals and machinery.

Mercopress

Tags:

  • Show Comments (1)

  • falupa

    Another supplier for Russian Military
    This is great! The Russian government is going to make Brazil another supplier to their military equipment. This is what they did with Venezuela a couple of months ago. It is going to be interesting to see what happens in the future.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Cuts Interest Rates to Record Low 8.75%

The BC, Brazil's Central Bank, lowered on Wednesday, July 22, the benchmark Selic rate ...

Brazilian Emigrants Send US$ 6.4 billion Back Home. Only Mexicans Send More.

Funds sent to relatives of Latin American and Caribbean workers who live abroad broke ...

Drought in the South Brings Brazil Worst Harvest Drop in 20 Years

Brazil is going through the major decrease in agricultural production in the last 20 ...

Ten-Party Coalition in Brazil Demands Justice and Accepts No Deals

Brazilian Deputy Rafael Guerra (PSDB party of Minas Gerais state), Wednesday, August 31, read ...

Brazil Uses Comics and Ronaldinho to Fight Drugs

At yesterday’s, June 21, opening ceremony of the 8th National Anti-Drug Week, in the ...

Imports Rise and Exports Fall in Brazil

Brazil’s trade surplus (exports minus imports) amounted to US$ 985 million last week, 26.1% ...

Brazil’s Barefoot-feel Shoes a Hit in Japan and US

Brazilian shoe company Opananken Antistress, located in Franca, a city in the interior of ...

Brazilian Minstrel-Minister Gil Gets Sillicon Valley Audition

After giving a lecture at MIT, Brazil's musician minister Gilberto Gil went to Silicon ...

LETTERS

In the eyes of its foreign creditors, Brazil’s most important spending concern has to ...

Economist Calls Brazil’s Monetary Policy Inconsistent

Roberto Macedo, one of Brazil’s best-known economists and commentators, says the government’s inflation targeting ...