Brazil’s President Lula da Silva spoke about potential deals with Vietnam, including a purchase of 50 planes from Embraer and a $100 million investment in a meat-processing facility. He also signaled a willingness to negotiate with President Trump regarding tariffs, advocating for free trade discussions.

Brazil’s President Luiz Inacio Lula da Silva concluded his state visit to Hanoi on March 29, during which he discussed significant business possibilities with Vietnam. He indicated that Vietnam could acquire up to 50 planes from Embraer, the Brazilian aircraft manufacturer. Additionally, a Brazilian firm is reportedly looking to invest $100 million in a meat-processing facility in Vietnam, furthering commercial ties between the two nations.

Reports have emerged regarding Brazilian meatpacker JBS contemplating the establishment of a processing plant in Vietnam, marking its inaugural investment in Asia. While Lula’s comments reflect optimism, JBS has yet to issue a statement on whether the proposed $100 million investment pertains to their plans. Moreover, discussions are underway regarding the sale of 10 E190 narrow-body jets from Embraer to Vietnam Airlines, which reportedly exhibits positive interest in the offer.

In the context of U.S. relations, President Lula expressed his readiness to open negotiations with U.S. President Donald Trump regarding forthcoming tariffs on Brazilian goods. Trump had previously announced tariffs on Brazilian steel, which Lula sought to address more amicably than he did earlier in Japan, where he threatened World Trade Organization complaints over trade disparities. Lula stated, “Before engaging in a fight about reciprocity or a fight at the WTO, we want to use all the words in our dictionary to do free trade with the US,” indicating a preference for negotiation over confrontation.

In conclusion, President Lula’s state visit to Vietnam marked significant strides towards fostering bilateral trade, notably through potential aircraft sales and investments in meat processing. His diplomatic approach aims to cultivate positive U.S.-Brazil relations amidst trade tensions, highlighting a commitment to seeking dialogue over disputes.

Original Source: www.channelnewsasia.com

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