Brazilian President Luiz Inácio Lula da Silva, on official trip to South Korea and Japan next May 24th, will sign memorandums of understanding and joint declarations with these countries.
One of the agreements, to be signed by Brazil’s Ministry of Science and Technology and the Japan Bank for International Cooperation (JBIC), is about the purchase of carbon credits from Brazil by Japan, as allowed by the Clean Development Mechanism (CDM).
A component of the Kyoto Protocol, the CDM allows developing countries to convert carbon emission reductions in credits that can be sold to industrialized nations.
According to the Director of the Department of Asia and Oceania of the Ministry of Foreign Relations, Ambassador Edmundo Fujita, five memorandums will be signed with South Korea, and ten with Japan, in the areas of technical cooperation, science and technology, economy, political understanding, and environment.
In the political area, Fujita said that the main common interest with Japan is in regards to the United Nations (UN) reform. Both countries defend the expansion of the UN Security Council, and intend to be candidates for a permanent seat at the organization.
The Director of the Department of Trade Promotion of the Ministry of Foreign Relations, Ambassador Mário Vilalva, said that an agreement for the promotion of trade between Brazil and Japan will also be signed.
The partnership will be established between the Ministry, the Brazilian Agency for the Promotion of Exports (Apex), the National Confederation of Industry (CNI), Jetro (Apex counterpart in Japan), and Keidanren, Japanese entrepreneurial association.
The objective of the agreement, according to Vilalva, is to improve the promotion of Brazilian products in Japan.