Brazil Insists in Africa: Trade Is Two-Way Lane

The essence of Brazilian President Luiz Inácio Lula da Silva’s trip to five African countries this past week was the agreements and political contacts. A total of nine cooperation agreements in the areas of research, education, and health were signed.

In the opinion of the Minister of Foreign Relations, Celso Amorim, they represent a first step to obtain economic and trading repercussions in the future.


“We are practically reestablishing our relationship with Africa. There is a great possibility of increasing trading, but Rome was not built in a single day,” said Amorim. “There is a British saying that states that trade follows the flag. The presence of the flag is fundamental.”


In addition to boosting trading, the mission had the medium and long-term objective of bringing back to a balanced level commercial relations between Brazil, The Republic of Cameroon, Nigeria, Ghana, Guinea-Bissau, and Senegal.


Excepting to Nigeria, in all these countries Brazil buys more than sells. Worried with this situation, Lula reiterated in all countries visited that commercial relations must be a two-way lane.


“We don’t want a relationship in which Brazil is the only one to benefit. We want a balanced relationship, in which we sell, as well as we buy,” repeated the president.


Since the beginning of his mandate, Lula has visited 14 African countries, more than all previous Brazilian presidents, according to Celso Amorim. During this period, commercial interaction between Brazil and Africa increased.


According to the Ministry of Development, Industry, and Foreign Trading, from 2003 to 2004, trade balance jumped from US$ 6.137 billion to US$ 10.43 billion.


Brazilian exports to the region went up 48.42%, totaling US$ 4.24 billion. Imported products reached US$ 6.18 billion – 88.75% more than in 2003.


Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published.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

Racism Can’t Be Banned by Decree, Brazil Finds Out

A recently completed study by the economist Marcelo Paixão, professor at the Federal University ...

Brazil: Indians Give up Land for Fear

Close to 1000 farmers turned up at a protest armed and saying that they ...

Sound Excursions

Close to 19 million adult Brazilians have become tired of waiting for government help ...

Brazil Says Present at Saudi International Healthcare Fair

The Arab Brazilian Chamber of Commerce (CCAB) is going to participate in the Saudi ...

Brazilian Veterans of Paris-Dakar Give the Social Lowdown on Rallies

Klever Kolberg, 45, one of the pilots in the Petrobras Lubrax rally team, has ...

Brazil’s Goal: To Sell 20% More Fruit Overseas

The opening of new international markets, like China, Japan and the Arab countries is ...

July 1993

CONTENTS: Cover: Stop! They want out of Brazil – The secessionist movement (p. 7) ...

Lula Visits a Piece of Brazil in Antarctica and Gets Emotional

Brazil's President, Luiz Inácio Lula da Silva confessed that he felt overwhelmed during his ...

Energy Hungry Brazil to Spend US$ 15 Billion for 5 New Hydroelectric Plants

Energy-short Brazil needs to increase its power capacity by 50% in a decade, so ...

Can Brazil Do Justice This Time?

Over five years after her son was killed, Dr Elma Novais, a lawyer from ...