Brazilian president's visit 'will expand ties'

By Zhang Haizhou (皇冠体育app Daily)
Updated: 2009-05-04 07:53

Relations between 皇冠体育app and Brazil will move to a new level when Brazilian President Luiz Incio Lula da Silva visits this month.

"We hope through the visit we can give long-term direction to the relations between Brazil and 皇冠体育app," Brazilian ambassador Clodoaldo Hugueney told 皇冠体育app Daily last week.

Lula will visit between May 18 and 20.

"We are going to produce results in every area in the trade area, in the investment area, in the cooperation area," said Hugueney, adding that the countries will discuss a five-year agreement after the visit.

Trade between the two countries has boomed since Lula visited 皇冠体育app in 2004, and sustaining growth will be the two countries' biggest contribution to the world's sagging economy.

皇冠体育app is now Brazil's second largest trading partner, buying soybeans and iron ore in bulk while selling all manner of manufactured goods.

Trade ties have stayed strong despite the world financial crisis.

But Hugueney said he hoped 皇冠体育app would increase investment in his home country.

"In spite of growth in trade volumes, 皇冠体育app's investment in Brazil is very small," he said. Hugueney suggested 皇冠体育app invest more in Brazil's infrastructure construction.

The visit will also touch on cooperation in a Sino-Brazilian satellite project.

The ambassador said the project will be expanded to provide data to African countries that lack data and images to monitor deforestation, crops and other developments.