In Abu Dhabi, Lula negotiates trade and environmental agreements

President Luiz Inácio Lula da Silva is visiting Abu Dhabi, capital of the United Arab Emirates, this Saturday (15). Lula will meet with the president and emir of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nayhan. It is the second time that the president visits the country. The first was in December 2003, during the first presidential term. At the meeting, the heads of state should deal with trade agreements, bilateral investments and the environment. The Brazilian delegation is made up of representatives of 30 companies, from various sectors, such as mining and meat, according to the Presidency of the Republic. In 2022, bilateral trade moved US$ 5.7 billion, an increase of 74% compared to the volume of the previous year. Brazilian agricultural products account for almost 60% of exports to the United Arab Emirates. Beef and chicken are among the items most sold to the Arabs. Brazil is the world’s largest exporter of halal chicken meat, produced according to the precepts and traditions of Islam. In addition to the trade flow, the United Arab Emirates are the biggest investors in the Middle East in the Brazilian market, in the order of US$ 10 billion. Regarding the environment agenda, the Arab country has invested in renewable energies and in the commitment to zero net emissions of greenhouse gases by 2050, in line with the strategy adopted by President Lula’s administration. The country will host the 28th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). China Lula is traveling to China, where he signed 15 trade and partnership agreements with Chinese President Xi Jinping. The terms signed between the two countries include space cooperation agreements, research and innovation, digital economy and fight against hunger, exchange of communication content between the two countries and trade facilitation.

Agência Brasil