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

Gabarito Highschool in Brazil

Brazil Has a Pact of Mediocrity in Economy, Society and Culture

Brazil has a pact of excellence in soccer and in sports in general. But ...

Brazilian Chicken Exports Grow 13% While Beef Exports Fall 28%

According to figures released Friday, June 27, by the survey Statistics of Animal Husbandry ...

Brazil’s Trade Surplus Keeps Shrinking Due to Growing Imports

The Brazilian balance of trade is running a surplus (exports minus imports) of US$ ...

Brazil to Invest US$ 2.5 Billion in Wind Farms This Year

After counting for generation on hydroelectricity for about 80% of it energy need Brazil ...

Brazil Bical’s Kids Shoes Are in 60 Countries

The 2005 target of Bical Calçados, a maker of children’s shoes from the city ...

Brazil’s Population to Jump to 260 Million by 2050

Estimates by Brazil’s government statistical bureau (IBGE) are that the Brazilian population, at 182.1 ...

Brazil and US Leaders in Haiti, Friends for 25 Years, Discuss Mission Every Day

Army Lieutenant General Ken Keen, deputy commander of the U.S. Southern Command (SOUTHCOM) who ...

Brazil to Decriminalize and Distribute Drugs

Brazil’s federal government is discussing a decree to regulate the policy of reducing the ...

Brazil Loosens Its Grip on Airports and Ports Privatizing and Leasing Facilities

The Brazilian government is expecting to raise US$ 1.3 billion with the leasing of ...

Brazil’s Trade Surplus Reaches US$ 569 Million, 31% Lower than Last Year’s

Brazil’s commercial surplus in the first three weeks of February totaled US$ 735 million, ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`