President Lula and Chilean President Boric closed the Brazil-Chile Business Forum focusing on enhancing trade relations. Both leaders emphasized profit for both countries and assurances of investor security. Thirteen agreements were signed, showcasing a commitment to strong bilateral ties. Trade figures indicate a robust economic partnership, underscoring ongoing cooperation between the two nations.
On April 22, President Luiz Inácio Lula da Silva attended the Brazil-Chile Business Forum in Brasília, which also saw participation from Chilean President Gabriel Boric. This forum was held at the National Confederation of Industry’s headquarters, and brought together business leaders from both countries with a mission to enhance trade relations across diverse sectors. The aim was clear: strengthen bonds while ensuring that both nations benefit economically.
During his remarks, Lula highlighted the importance of mutual profit from trade. He stated, “A President of the Republic, such as Boric and myself, we do not do business. What we do is open doors… good business is when both countries profit.” By prioritizing the interests of their peoples, Lula underscored the importance of fostering an environment conducive to growth and development.
Lula went on to discuss the positive effects of social policies on the economy, mentioning that the poorest 10% in Brazil have seen a 10.7% increase in income over the last couple of years. He suggested that this economic boost would lead to more Brazilian tourists visiting Chile and increased travel in general. As consumers gain purchasing power, local businesses stand to benefit significantly.
Chilean President Boric echoed similar sentiments, assuring that investor security is a priority for both nations. He emphasized the importance of their trade relationship, confirming Brazil stands as Chile’s third-largest trading partner. Furthermore, he noted that their bilateral trade is now more substantial than with the UK’s or France’s.
Boric shared updates on the South American Integration Routes, specifically detailing the Capricorn Bioceanic Route, connecting key Brazilian ports to several Chilean ports. This infrastructure project is set to be completed by 2026, symbolizing a significant step toward regional integration and better trade links.
Mario Cezar de Aguiar, Vice President of the CNI, expressed gratitude for the leaders’ involvement and the proactive participation of the business community at the Forum. He stated that strategic partnerships between Brazil and Chile must continue to be cultivated to address global uncertainties and challenges.
In the spirit of collaboration, Rosario Navarro, president of the Chilean Society of Industrial Promotion, reiterated the need for actionable results that stem from the forum’s discussions. “We have the capabilities, the drive, and a shared vision,” she said, urging for movements toward more concrete outcomes.
Following the forum, twelve bilateral agreements covering areas such as agriculture, public security, and technology were signed, marking an important milestone in Brazil-Chile relations. As this partnership matures, both countries are keen on leveraging their cooperation for mutual benefits.
Trade numbers tell an encouraging story. From January to March 2025, trade between Brazil and Chile amounted to USD 2.7 billion, with Brazil exporting USD 1.56 billion and importing USD 1.21 billion. The Brazilian output included crude oil and automotive products, while Chilean exports featured salmon and wine, solidifying a robust trade balance overall.
Overall, the Brazil-Chile collaboration stands as a key relationship in South America, with an emphasis on economic integration initiatives and ongoing cooperation in several domains. Both nations are optimistic about crafting a future filled with comprehensive trade and mutual gain, working toward a more integrated continent.
The Brazil-Chile Business Forum highlighted the commitment from both nations to enhance their economic partnership. By discussing bilateral trade issues, signing multiple agreements, and focusing on mutual growth, both President Lula and President Boric established a shared vision for economic cooperation. With positive trade figures and social policies driving development, the relationship between Brazil and Chile appears poised for continued success.
Original Source: www.gov.br
