Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Brazil's Lula to meet China's Xi on March 28 in Beijing

Brazil's President Luiz Inacio Lula da Silva speaks during the celebrations marking the 43rd anniversary of the founding of the Workers' Party, in Brasilia, Brazil February 13, 2023. REUTERS/Adriano Machado

Brazil's new President Luiz Inacio Lula da Silva will meet Chinese leader Xi Jinping on March 28 on Lula's first trip of his current term to his country's largest trading partner, official sources told Reuters.

Lula, who visited China twice during his earlier government 2003-2010, will stay in Beijing for four days for talks on trade, investments and the war in Ukraine.

The leftist president, who visited U.S. President Joe Biden at the White House last week, has a difficult task of balancing relations with Brazil's main trade and investment partners at a time of growing conflict between the two superpowers.

FILE PHOTO: Chinese President Xi Jinping attends the China-Arab summit in Riyadh, Saudi Arabia December 9, 2022. Saudi Press Agency/Handout via REUTERS

Lula, who has defended Brazil's neutrality in the war between Ukraine and Russia, said he will discuss the conflict with Xi to advance his proposal of engaging other nations in a diplomatic effort to reach a negotiated peace.

"I think our Chinese friends have a very important role ... I want to talk about it with President Xi Jinping. It's time for China to get its hands dirty," he said last month during a visit to Brasilia by German Chancellor Olaf Scholz.

On Lula's agenda in Beijing will be the appointment of a new president of the BRICS Bank of the group of leading emerging nations Brazil, Russia, India, China and South Africa. His government is proposing former Brazilian president Dilma Rousseff, who was impeached in 2016.

According to sources interviewed by Reuters, Rousseff's name has already been accepted by other BRICS members.

China became Brazil's largest trading partner in 2009, the year of Lula's second visit to China.

The growing economic relationship between the two countries became clear in 2004 when Lula first visited China with a large delegation that included 450 Brazilian business representatives.

In 2022, China imported $89.4 billion from Brazil, mainly in soy and iron ore, generating a trade surplus of $28.7 billion, according to government figures.

(Reporting by Lisandra Paraguassu; writing by Anthony Boadle; Editing by David Gregorio)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.