Lula seeks investments in technology with Japanese businessmen

In a meeting with major Japanese businessmen, in Hiroshima, President Luiz Inácio Lula da Silva discussed opportunities for investment in cutting-edge technology in Brazil, aimed at energy transition and the country’s development. According to the Presidency of the Republic, among the investment opportunities seen in Brazil are the manufacture of hybrid vehicles for the Asian market; the production of green hydrogen for the global steel industry, which reduces carbon dioxide emissions; and developments in artificial intelligence for telecommunications. In Japan, Lula participated in the external engagement segment of the G7 Summit, a meeting of leaders from seven of the world’s largest economies: the United States, Japan, Germany, the United Kingdom, France, Italy and Canada. Since last Friday (19) in the Asian country, the president has had an extensive agenda of bilateral meetings, with meetings with 11 heads of government and entities. The last commitment this Sunday was the meeting with the “Group of Notables”, the name given to leaders of large Japanese business groups with investments in Brazil. President Lula highlighted the need for partnerships between the National Bank for Economic and Social Development (BNDES) and the Bank of Japan for International Cooperation (JBIC). “Also according to the president, the dialogue with the group will continue, as well as the plans discussed at the meeting. In addition, the Brazilian government will promote new contacts between the group of notable Japanese and the Brazilian business community, for the expansion of partnerships and investments”, explained the Presidency, in a statement. Businessmen from very traditional groups in Japan participated in the meeting, from the automotive (Toyota), trading (Mitsui), electronics and communications (NEC) and steel (Nippon Steel) sectors, in addition to JBIC. Recently, JBIC representatives also met in Brazil with the vice-president and minister of Development, Industry, Commerce and Services, Geraldo Alckmin. Before leaving for Brazil, this Monday morning (22nd), Sunday night in Brazil, Lula will take stock of his participation in the G7 meeting and will give a press conference.

Agência Brasil