Brazil, UAE strike climate, biofuels deals as leaders meet

Brazil, UAE strike climate, biofuels deals as leaders meet

Twenty-one-gun salute ring out and formation jets path Brazil’s nationwide colors as UAE President Sheikh Mohamed greets Lula da Silva at presidential palace in Abu Dhabi.

The strategically located Gulf country is Brazil's second-largest trading partner in the Middle East.
The strategically positioned Gulf nation is Brazil’s second-largest buying and selling associate within the Middle East.
(AFP)

Brazil and the United Arab Emirates [UAE]  have introduced a collection of offers on combating the local weather disaster and advancing biofuels as President Luiz Inacio Lula da Silva paid an official go to to the oil-rich nation.

“It was a highly fruitful visit,” Lula stated briefly feedback to Brazil’s TV Globo on Saturday after assembly UAE president Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on his means house from a visit to China.

The nations stated in a joint assertion the leaders had mentioned a spread of topics together with commerce, know-how, protection, aviation and meals safety.

They additionally introduced a collection of offers, together with one for the UAE-controlled Mataripe refinery in northeastern Brazil to take a position as much as $2.5 billion in a biodiesel venture within the area, and one other on cooperating in opposition to the local weather disaster.

The UAE is because of host the COP28 UN local weather talks later this 12 months, and Brazil is a candidate to host the 2025 version.

The nations stated they’d agreed to work collectively to “encourage ambitious climate action” from the remainder of the world.

Lula, who returned to energy in January after two phrases as president between 2003 and 2010, was performed the Brazilian nationwide anthem and inspected an honour guard.

The strategically positioned Gulf nation is Brazil’s second-largest buying and selling associate within the Middle East, in response to the official WAM news company.

Bilateral commerce excluding oil merchandise totalled greater than 4 million {dollars} final 12 months, representing a 32-percent rise from 2021, WAM stated.

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Brazil’s Lula begins China journey, goals to strengthen relations

Lula criticises US, IMF in China

In Beijing, the place Lula sought to consolidate financial ties with Brazil’s most important buying and selling associate, he stated his nation was “back on the international stage” and able to mediate an finish to Russia’s battle in Ukraine.

Lula additionally accused the United States of “encouraging” the battle and stated it ought to “start talking about peace”.

He additionally criticised the outsize function of the US greenback in world economic system and lashed out on the International Monetary Fund [IMF].

“No bank should be asphyxiating countries’ economies the way the IMF is doing now with Argentina, or the way they did with Brazil for a long time and every third-world country,” he stated on Thursday. 

Both China and Brazil have refused to affix Western nations in imposing sanctions on Moscow for its offensive, and there are considerations within the West that each potential mediators are overly cosy with Russian President Vladimir Putin.

The UAE has maintained a impartial stance within the battle.

Its monetary hub Dubai has attracted Russian professionals and businesspeople fleeing the affect of Western sanctions because the invasion in February 2022.

READ MORE: ‘Who determined greenback can be foreign money?’: Lula slams US greenback in China tour

Source: TRTWorld and businesses

Source: www.trtworld.com