CHINA-Joint Statement Talks Of Boosting EM Voice & Expanding BRICS

(MNI) London - Comments from joint statement by Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva hitting wires. The close cooperation between China and Lula's Brazil comes as a further signal of the waning US influence in Latin America, a region historically that has held close economic relations with Washington, D.C. In relation to this, the statement says that the two sides believe the current international situation is 'changing', and adds that both 'support active discussions among BRICS member states on expanding the group'.

• Statement: 'Both sides agreed to continue to expand trade exchanges, actively promote trade diversification, promote agricultural trade, improve resilience of supply chains...both sides affirmed cooperation in agricultural trade has strategic significance'
• Statement: 'Both sides agreed to actively encourage each other's firms to invest in the other country, especially in infrastructure, energy transition, logistics, energy, mining, agriculture, manufacturing, and high-tech industry...both sides willing to deepen investment, cooperation in port sector.'
• Statement: 'Both sides agreed to deepen economic and financial dialogue, strengthen local currency trade and promote cooperation in sustainable financing.'
• Statement: 'Both sides emphasised the role of the two countries in enhancing the influence and voice of emerging markets countries in global economic governance.'