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Scholz And Macron To Visit Brazil Following Lula Inauguration
German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to meet with incoming Brazil President Luiz Inacio "Lula" da Silva in Brazilia shortly after his inauguration on January 1, according to Reuters sources.
- Reuters: "The sources said details were expected to be decided only after Lula's inauguration on Sunday."
- The trips may signal an attempt by western leaders to push for closer diplomatic relations with Brasilia after a period of unpredictable policy direction during the administration of outgoing President Jair Bolsonaro.
- Courting Lula will be seen as particularly important to Western leaders including US President Joe Biden as Brazil is seen a crucial to managing Chinese influence in Latin America and achieving climate targets.
- Pushing Lula too hard for support on Russia is unlikely as a return to Brasilia’s traditional non-aligned approach to foreign policy is expected.
- Andre Pagliarini, a professor at Hampden-Sydney College: “Lula holds that Brazil benefits most from an independent foreign policy that does not go out of its way to ingratiate itself with the US or its geopolitical rivals du jour."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.