According to his visit agenda, Boric will participate this Wednesday in an event that will address the Bioceanic Corridor, a route that will connect the Brazilian Midwest with the ports of northern Chile. Construction of the project will be completed shortly, and the countries are now discussing ensuring agile and modern border and logistics services.
“This is integration, not just photos of (leaders’) summits,” Boric stated on Tuesday, recalling the official visit his Brazilian counterpart, Luiz Inácio Lula da Silva, made to Chile in August 2024 with a large delegation of ministers and business leaders, where 19 bilateral agreements were signed. “This demonstrates how deep this relationship is and the tremendous diversity with which we want to work,” he said.
Chile and Brazil have more than 100 bilateral agreements in force and a balanced, but still poorly diversified trade, in the opinion of the Chileans. Among the sectors that could be explored, Boric cited financial investments, transportation, and information technology.
Brazil is Chile’s third-largest trading partner, with trade valued at more than $12 billion annually. Chile exports copper, fish, and minerals to the Brazilian market. Brazil is also the main destination for wine exports. Similarly, Brazil is the largest Latin American investor in Chile, in sectors such as energy, financial services, food, mining, construction, and pharmaceuticals. Chile is the sixth largest destination for Brazilian exports; oil, meat, and automobiles are the main exported products.
After receiving Boric and holding a private meeting, Lula told the press that Brazil wants to negotiate with everyone. “I don’t want a Cold War. I don’t want to choose between the United States and China. I want to have relations with the United States and China!” he clarified, noting that Brazil must assume the role of facilitator, given its importance and size in Latin America.
These statements came in the context of US President Donald Trump imposing import tariffs on other countries, including Brazil and, especially, China. In this regard, Boric condemned “the arbitrary politicization of trade” and commented that in uncertain times, it is vital to be with partners like Brazil.
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