Diaspora, Africa – (African Boulevard News) – Brazil’s President Lula, the former president of Brazil, plans to take two trips to Africa in August and September to strengthen political and economic ties between Brazil and African countries. The aim of his visit is to improve the trade relationships between African countries and Brazil. Lula’s visit to the African continent will take him to at least eight African countries.
Many African countries are interested in making trade agreements with Brazil and have been seeking to establish a stronger relationship with the South American powerhouse. Brazil is one of the world’s largest emerging economies and has been working to strengthen trade ties globally.
Lula’s first visit to the African continent will begin in August, and he will visit Angola, Mozambique, and South Africa. In September, he will visit Nigeria, Senegal, Ghana, Ethiopia, and Kenya. The visits are part of a broader push to strengthen the economic relationship between Brazil and Africa.
The Brazilian government has made it clear that it sees Africa as a crucial partner in its efforts to further its trade relationships globally. The country is already a major exporter of products like soybeans, beef, and coffee to African countries, and Brazil is looking to increase the volume of its exports to the continent.
According to the Brazilian Ministry of Foreign Affairs, Brazil-Africa trade increased by 19% in 2020, reaching a total of $19 billion. The same year, exports of Brazilian products to Africa were $11.3 billion, while imports from the continent were $7.7 billion.
Lula’s visit to Africa is likely to boost the already strong ties between Brazil and African countries. His trip is also expected to improve investment opportunities between the two regions, opening up new markets and business opportunities for Brazilian companies.
In conclusion, President Lula’s upcoming visits to Africa is a testament to the increasing importance of the African continent to the global economy. With Brazil’s strong economy and African countries’ growth potential, there is a lot that can be achieved through this partnership. As the world continues to face economic challenges, Brazil’s visit to Africa offers a glimmer of hope for countries seeking to improve their economies.
