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China and Brazil Strengthen Ties with Trade Deals and Calls for Global Peace

Lula and Xi sign 37 agreements while advocating for ceasefires in Gaza and Ukraine during state visit in Brasilia.

  • Brazilian President Lula da Silva hosted Chinese President Xi Jinping for a state visit, marking deepening ties between the two nations.
  • The leaders signed 37 agreements covering trade, agriculture, technology, education, and environmental protection, reflecting growing cooperation.
  • Both leaders emphasized diplomacy and peace, proposing a joint roadmap for resolving the Ukraine conflict and calling for a ceasefire in Gaza.
  • China remains Brazil's largest trading partner, with bilateral trade exceeding $136 billion in the first 10 months of 2024.
  • Brazil has yet to join China's Belt and Road Initiative but seeks synergies between the program and its domestic infrastructure goals.
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