Brazil signs $12.65 billion in deals with UAE, China amid struggling economy
Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China.
DUBAI — Brazil signed agreements for about $12.5 billion with the United Arab Emirates (UAE) and China this week, as the country’s President Luiz Inácio "Lula" da Silva concluded his visits to Beijing and Abu Dhabi.
The Brazilian president completed his four-day trip to the UAE and China on Monday, which concluded with major economic deals.
"I return to Brazil with absolute certainty that it is coming back to civilization. The government is doing what it’s obliged to do: opening Brazil up to the world and convincing the world to open up to Brazil,” said Lula at a Monday press conference in Beijing. He added that he expects the leaders of China and the UAE to accept his invitation to visit Brazil soon.
What happened: Lula visited China on April 13-14 and the UAE on April 15 and signed deals that amounted to about $12.5 billion.
