Reported about 1 month ago
Brazil is cautiously balancing its diplomatic ties with both the US and China to avoid potential backlash in a politically polarized world. At the Bloomberg New Economy event in Sao Paulo, Brazilian officials emphasized the importance of maintaining relationships with both superpowers to prevent trade barriers and encourage growth. While Brazil's agriculture minister suggested joining China's Belt and Road initiative, leaders also expressed the need for realism in engaging with both nations, especially amidst increasing tariffs on Chinese imports. Despite internal challenges, Brazil remains committed to its democratic values and aims to become more competitive in various sectors, particularly in attracting investments for a low-carbon economy.
Source: YAHOO