Brazil and Pakistan Ready to Increase Business

Brazil’s President Luiz Inácio Lula da Silva received, today, the President of Pakistan, Pervez Musharraf, and the first lady of that country, Sehba Musharraf, at the Planalto Palace.

This is the first visit to Brazil by a Pakistani head of state. According to the Ministry of Development, Industry, and Foreign Trade, bilateral exchanges between Brazil and Pakistan have totaled approximately US$ 77 million so far this year.


From January to October, Brazil exported US$ 72 million to Pakistan and imported US$ 4.9 million from there. The chief Brazilian products consumed in Pakistan are beef fat, tractor parts and accessories, and cotton.


Besides commercial relations, the Presidents are expected to discuss coordination in the ambit of the G-20 and the war against hunger and poverty.


Pakistan is a member of the G-20, the group of agricultural export-producing countries in which Brazil exercises one of the leadership roles.


Moreover, Musharraf was one of the participants at the Meeting of World Leaders for Action against Hunger and Poverty, on September 20, in New York.


The Pakistani President is scheduled to pay a visit to the National Congress, where he will pay his respects to José Sarney and João Paulo Cunha, presidents of the Federal Senate and Chamber of Deputies, respectively.


Tomorrow, November 30, he will proceeed to São Paulo, where he will open the Brazil-Pakistan business seminar. He also plans to visit the Brazilian aircraft manufacturing company, Embraer, in São José dos Campos, São Paulo state. From Brazil he will move on to Argentina and Mexico.


Trade Exchanges


Brazilian President Luiz Inácio Lula da Silva affirmed that Brazil and Pakistan will promote mutual trade exchanges. According to Lula, the expansion of trade relations, which doubled this year, “is an indication of the great potential that exists.”


In his address prior to the luncheon, Lula pointed out that the meeting between Musharraf and Brazilian entrepreneurs in São Paulo, will facilitate the identification of new business opportunities.


“His visit to Brazil reinforces my confidence in the future of our relationship and the contribution we can make to a less asymmetrical international order and a trade geography more suited to our interests,” President Lula emphasized.


According to the Brazilian President, the four bilateral treaties signed today in the spheres of the war on narcotraffic, nutritional security, visa exemptions, and the establishment of regular consulting mechanisms for matters of mutual interest represent an assurance that Brazil and Pakistan will continue to find innovative ways to get together to satisfy common interests.


Agência Brasil
Translator: David Silberstein

Tags:

You May Also Like

Diplomats and Jurists, in Brazil, Debate the WTO

Commercial disputes between member countries of the World Trade Organization are replacing the political ...

Brazil President Promises FIFA There Will Be Beer at the Cup. But Congress Isn’t So Sure

Joseph Blatter, the head of FIFA, after meeting with Brazilian president Dilma Rousseff, the ...

Stage Set for a Rebounding Market in Brazil

Brazilian and Latin American shares rebounded strongly from recent selling pressure. Additionally, U.S. stocks ...

Brazil Not Happy with Its Shrinking Surplus

Brazilian exports for the week ending Saturday, June 24, reached US$ 2.498 billion, an ...

UN Chief Tells ‘Quiet Green Giant’ Brazil About Biofuel Perils

In Brazil, where he is in an official trip focused on climate change, UN ...

Brazilian Finance Minister Compares Global Crisis to 1929 Crash

Brazil's Finance minister, Guido Mantega, believes that the Brazilian economy should suffer a little ...

Ill-kept Legacy

Preservation doesn’t get high marks in Brazil. In the last 100 years or so ...

Going Bananas with Brazil’s Carmen Miranda

"I don’t think Carmen Miranda will ever be outdated because she is so self-contained. ...

Brazil Actively Helping Implantation of Cape Verde’s First Public University

The Brazilian Minister of Education, Fernando Haddad, and the Cape Verdean Minister of Education ...

Sour Brazil-US Relations Couldn’t Spoil the Joy of Our Children’s Wedding

My son married a lovely Brazilian woman. Their friendship, romance and eventual nuptials extol ...