Lula may sign an agreement for Brazil to join China's Belt and Road Initiative

Ambassador Celso Amorim, head of the Special Consultative Bureau to the President of the Republic, said Belt and Road, the Chinese initiative for global infrastructure investment, could be one of the issues under discussion between Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping.

President Lula will travel to the Asian country on Friday 24 March.

Since 2013, when the project was launched, some $932 billion has been invested in the Belt and Road until 2022. The initiative aims to make global trade routes work through infrastructure projects for Central Asia, South East Asia, the Middle East and Africa. The figures were cited in a report published by the Fudan University Green Finance and Development Center think tank in Shanghai, China.

The initiative has been extended to all of South America; Brazil and Colombia have not yet joined it, as reported by Brasil 247, a partner of TV BRICS.

Photo: istockphoto.com