Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva agreed on Sunday night to accelerate negotiations for a trade agreement between China and Mercosur, a striking reversal for Brasilia, which for years led resistance to such a deal in the South American bloc.
The two leaders spoke by telephone for more than an hour, according to a statement from the Brazilian presidency, and “coincided on the importance of speeding up the talks for a Mercosur-China agreement that contemplates the necessary flexibilities”.
The readout said the presidents discussed aligning the two countries’ national development projects and reaffirmed plans to expand cooperation in strategic and high-technology sectors, including artificial intelligence, satellites, critical-minerals processing, and fertiliser trade.
