Multilateralism Pays Off: Brazil's Trade Surplus Surges Due to Expanded Global Partnership—President
19:03 15.11.2026 (Updated: 20:26 15.11.2026)
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Multilateralism Pays Off: Brazil's Trade Surplus Surges Due to Expanded Global Partnership—President
Despite a decline in trade with the United States due to tariffs, Brazil's commerce with 50 other countries has successfully grown by an average of 10.5%, Lula da Silva said at the ASEAN Summit in Manila, as reported by a Sputnik correspondent.
This effective multilateral policy has increased the country's national trade surplus from $8.8 billion to $14.1 billion, he noted.
Building on this policy, Brazil now aims to become a definitive partner of ASEAN and double its trade in both exports and imports, the president added.
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Despite a decline in trade with the United States due to tariffs, Brazil's commerce with 50 other countries has successfully grown by an average of 10.5%, Lula da Silva said at the ASEAN Summit in Manila, as reported by a Sputnik correspondent.
This effective multilateral policy has increased the country's national trade surplus from $8.8 billion to $14.1 billion, he noted.
Building on this policy, Brazil now aims to become a definitive partner of ASEAN and double its trade in both exports and imports, the president added.
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Sputnik Africa | X
