• Categories
  • Archives

The World Is Bigger than the US and EU, Says Brazil’s Lula

President Luiz Inácio Lula da Silva said that Brazil’s external trading reached US$ 104 billion, a US$ 37.6 billion surplus. The good news was given to Lula by phone by the Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan.

“Fresh news, Palocci,” said the President to the Minister of Finance, Antonio Palocci, during a ceremony at the Federation of the Industries of the State of São Paulo (Fiesp), in São Paulo.

For the President, this is the result of a more “daring” external trading policy, which differs from the one previously done in Brazil.

Lula reinforced that government’s policy focus on diversifying commercial relations, expanding partners base, as well as the number of sellers and buyers of Brazilian products.

Lula reaffirmed that Brazil has several options related to external trading, without having to depend solely on the United States or the European Union. According to the president, his government’s decision to go around the world has expanded options.

“Our commercial relation with Africa increased 48%. Our relation with the Middle East expanded 64%, and with South America, 58%. To go even further, we just need to believe the world is much larger than usual relations we used to have,” affirmed Lula.

Agência Brasil


  • 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Your email address will not be published.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.


You May Also Like

Brazil Inquiry on Vote-Buying Finds Major Role for Ex-Chief of Staff Josí© Dirceu

Seven of the 61 pages comprising the preliminary, combined report submitted by Brazil’s joint ...

Brazil’s Petrobras to End 2008 with Oil Trade Balance Surplus

Brazil's state-controlled gas and oil multinational Petrobras should end the year with an oil ...

Brazil’s Opposition Presidential Candidate Alckmin Has No Charisma

Brazil’s leading opposition candidate, Geraldo Alckmin, said during his party’s national convention, Tuesday, June ...

Brazil Has Never Seen Its Key Interest Rate So Low: 10.25%

The Central Bank of Brazil cut its benchmark interest rate Selic for a third-straight ...

After 15 Years of Talks, 2015 Could See a Mercosur-EU’s Free Trade Agreement

Once the EU and Mercosur exchange their proposals for a free trade agreement, negotiations ...

Brazil’s Lula Will Be at Davos Again This Month

As he did in 2003, this year Brazil’s President Luiz Inácio Lula da Silva ...


For long considered a patrimony of Brazilian music, Francisco Buarque de Hollanda, better known ...

Jobless Rate Reaches 10.1% in Brazil

Brazil’s unemployment rate was above 10% in February, the highest level in the last ...

Consumer Protection in Brazil Is Offered Only in 10% of Cities

A study by the Brazilian Ministry of Justice’s Department of Consumer Protection and Defense ...

With Iran World Needs Patience Not Pressure, Says Brazil’s Lula in Germany

Ten days after the visit the president of Iran, Mahmoud Ahmadinejad, paid Brazil, the ...