Thursday, July 10, 2008

South-South Cooperation in Focus -- Brazilian president seeks stronger trade ties during his first trip to Vietnam

Brazilian Present Luiz Inacio Lula da Silva is in Hanoi, Vietnam meeting with Vietnam's leader, Nguyen Minh Triet to discuss increasing trade ties between the two nations. Vietnam's state media released a statement saying quite comically "it hoped to benefit from Brazil's foodtball skills."

Hanoi, Vietnam - Lula and Triet

"Vietnam wishes to strengthen cooperation with Brazil in all areas, particularly the economy, trade and investment, oil and gas, seafood processing, education, health and fighting poverty," Triet said.

Trade between Brazil and Vietnam rose to US$323 million last year from US$43 million five years earlier, said Silva, who is traveling with a delegation of business leaders.

Lula will be moving on in the coming days to East Timor and Indonesia to discuss increasing trade and bilateral connections with them as well. These developments indicate Brazil is expanding its horizons beyond China and India, the regions big players and now seeking to shore up support and new markets in South-East Asia.

Lets go Globalization....!