Issuance of a joint statement at the conclusion of the visit of the President of the Federal Republic of Brazil to the Kingdom

corresponding to November 30, 2023 AD,
A joint statement was issued at the conclusion of the visit of His Excellency Luiz Inacio Lula da Silva, President of the Federal Republic of Brazil, to the Kingdom, the text of which follows: Based
on the distinguished relations between the Kingdom of Saudi Arabia, the Federal Republic of Brazil and their friendly peoples At the kind invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Excellency the President of the Federal Republic of Brazil, Mr. Luiz Inacio Lula da Silva, made an official visit to the Kingdom of Saudi Arabia during the period from 14-15/5/1445 AH corresponding to 28-29/ 11/2023 AD.
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received His Excellency the President of the Federal Republic of Brazil, Mr. Luis Inacio Lula da Silva, at Al Yamamah Palace in Riyadh. His Highness conveyed to His Excellency the greetings of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his wishes of good health and wellness to His Excellency, and to the Federal Republic of Brazil and its friendly people further progress and development. His Excellency asked to convey his greetings and sincere wishes to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, for good health and wellness, and further progress and prosperity for the friendly Saudi people.
His Highness and His Excellency held an official discussion session, during which they reviewed bilateral relations between the two countries and ways to develop them in all fields. Views were also exchanged on the overall current regional and international situations.
His Excellency the President of the Federal Republic of Brazil, Mr. Luiz Inacio Lula da Silva, also congratulated His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, on the occasion of winning the city of Riyadh to host the World Expo 2030. Within the framework of relations of friendship and
cooperation Distinguished between the Kingdom of Saudi Arabia and the Federal Republic of Brazil, the two sides agreed to establish the (Saudi-Brazilian Coordination Council), to frame and enhance aspects of joint cooperation between the two countries, and they agreed to complete the procedural steps and activate the council and its committees in the near future.
In the economic, trade and investment fields, the two sides reviewed the most prominent challenges of the global economy and the role of the Kingdom and Brazil in confronting these challenges. They praised the growth in the volume of bilateral trade between the two friendly countries, as the Kingdom is Brazil’s first trading partner in the region, and Brazil is the Kingdom’s largest trading partner in South America. They discussed ways to enhance and diversify bilateral trade, intensify communication between the private sectors in the two countries, and hold trade and investment events to discuss promising opportunities in these areas and transform them into tangible partnerships to benefit the economies of the two countries.
The two sides praised the results of the Brazilian-Saudi Investment Forum, which was held in the Brazilian city of Sao Paulo in August 2023, which witnessed the signing of (25) investment agreements between the two countries, valued at approximately (3.5) billion dollars. The two sides stressed the importance of continuing work to strengthen partnerships between the private sectors in the two countries, by creating the appropriate investment environment, intensifying visits by mutual delegations, and holding joint investment forums and gatherings.
The Brazilian side welcomed the entry of Saudi companies into the Brazilian market to invest in specific projects, through an “investment roadmap” worth $10 billion, through the Saudi Public Investment Fund, where the Saudi Manara Company invested in the Brazilian Vale Company with an amount of ( 2.6 billion dollars, and the Saudi company SALIC invested in the Brazilian companies Minerva Foods and BRF in the agricultural and food industries sectors at a value of 765 million dollars.
The Saudi side expressed its aspiration for Brazilian companies to enter the Saudi market and benefit from the investment opportunities provided by the Kingdom’s Vision 2030 projects. In this regard, the two sides stressed the importance of accelerating the pace of negotiation between the two countries on the “Protection and Encouragement of Investment” agreement.
The Saudi side welcomed the entry of Brazilian companies specialized in implementing major projects in the Kingdom, including water projects, and the two sides stressed the importance of strengthening cooperation between the two countries in the agricultural, fishery and animal fields.
The two sides discussed bilateral economic cooperation, ways to expand trade and investment, and agreed to deepen the partnership in other key areas, including defense, science, technology, renewable energy, education, climate, and space cooperation, taking into account the following: the recent noticeable increase
in Bilateral trade between Brazil and Saudi Arabia.
Integration and partnership between the two economies, including in the sectors of energy, minerals, chemicals and petrochemicals, pharmaceuticals, defence, and tourism.
Interest in increasing mutual investments and joint investments between Saudi and Brazilian companies, investors, funds and agencies that encourage investment.
The two sides saw the following as appropriate:
(a) Establishing a mechanism for dialogue on investments, at the technical level, with a focus on structuring projects, to stimulate and facilitate investments, in order to encourage partnerships that allow the realization of projects of common interest.
(b) Strengthening negotiations between financial and investment agencies such as (Brazilian Development Bank), (Saudi Fund for Development) and (Public Investment Fund) to encourage joint investments in strategic sectors, in line with the investment strategies of the two countries.
(c) Strengthening the stimulation of bilateral talks on the necessary ways and tools to facilitate investment and improve the business environment in order to enhance mutual investments. In this context, the Brazilian side offered the Saudi side investment opportunities in projects of the “New Growth Acceleration” program.
The two sides expressed their satisfaction with the level of cooperation between the two countries and joint projects in the fields of industry and mining, including the poultry products factory project, with an investment volume of $120 million. They welcomed the signing of a memorandum of understanding between the National Center for Industrial Development in the Kingdom and the Brazilian company (Vale) to develop a factory and logistics center for the manufacture and production of high-quality iron pellets in the Ras Al-Khair Industrial City in the Kingdom.
In the field of energy, the two sides affirmed their commitment to enhancing technologies that support efforts to address climate change, and seeking to enhance cooperation in the fields of renewable energy, reduction and removal technologies, including carbon capture, use and storage, electrical energy and electricity networks, and energy efficiency.
The Brazilian side noted the efforts made by the Kingdom to enhance the stability of global oil markets, in a way that serves the interests of producers and consumers and supports the growth of the global economy.
The two sides agreed on the importance of trade partnership and cooperation in the field of crude oil, refined products, petrochemicals and fertilizers, and discussed opportunities for joint projects in the petrochemical sector and innovative uses of hydrocarbons.
The two sides welcomed the signing of a memorandum of understanding between the Ministry of Mines and Energy of the Federal Republic of Brazil and the Ministry of Energy of the Kingdom of Saudi Arabia.
Regarding climate change issues, the two sides agreed that it represents one of the greatest challenges of this era, and that it must be addressed in the context of sustainable development and efforts to eradicate poverty and hunger. They agreed on the importance of expanding, deepening and diversifying their bilateral cooperation on climate, and making joint efforts to strengthen global governance under the United Nations Framework Convention on Climate Change and its Kyoto Protocol, and the Paris Climate Agreement.
They also agreed to work together to ensure that the multilateral process of the United Nations Framework Convention on Climate Change, from COP28 to COP30, contributes to comprehensive climate action, while uniting the international community to achieve the ultimate goal of the Convention and the goals of the Paris Agreement. climate change on the basis of fairness, equality and the best available science. They also affirmed their intention to strengthen the multilateral response to climate change in a way that takes into account countries’ national circumstances, including by working more closely within a group (77).
The two sides agreed on the importance of enhancing cooperation in the following areas:
(1) Chemicals and polymers industry.
(2) Aviation.
(3) Food manufacturing and distribution and exchange of experiences in the areas of food supply chains and fresh foodstuffs.
(4) Communications, technology, digital economy, innovation and space.
(5) Combating cross-border corruption crimes in all their forms.
(6) Judiciary and justice and discussing mechanisms to enhance cooperation between the Ministry of Justice in the Kingdom of Saudi Arabia and the Ministry of Justice and Public Security in the Federal Republic of Brazil.
(7) Transportation and logistics.
(8) Health, supporting global initiatives to confront current and future pandemics, risks and health challenges, and working through international organizations to confront global health challenges and develop vaccines, medicines and diagnostic tools.
(9) Education and encouraging universities to strengthen direct relations between them and exchange academic, educational and research experiences in the fields of creativity, innovation and artificial intelligence.
(10) Radio, television, news exchange, training, and exchange of visits between specialists from both sides.
(11) Museums, music, theatre, performing and visual arts, exchanging cultural programmes, and strengthening partnerships in sports programs and activities.
The two sides also agreed on the importance of continuing security cooperation and coordination on issues of common interest, including combating crimes in all their forms, combating terrorism and violent extremism that lead to terrorism and its financing, and exchanging information, expertise, and training in a way that contributes to achieving security and stability in the two friendly countries.
The two sides stressed the importance of strengthening cooperation between the two countries in international organizations and forums, including the International Monetary Fund, the World Bank, and the G20, and coordination between them to support international efforts in confronting the challenges facing the global economy.
Regarding Brazil’s upcoming presidency of the G20, the two sides stressed the importance of giving priority to the three dimensions of sustainable development, which are economic, social and environmental. They stressed the need to call for progress in reforming global governance institutions, especially in the financial sector, to address growing global and local inequalities.
In international affairs, the two sides renewed their determination to continue coordination and intensify efforts aimed at maintaining international peace and security. They affirmed their determination to enhance cooperation and joint coordination regarding issues of concern to the two countries on the regional and international arenas, and to continue their support for everything that would establish peace and stability in the region and the world.
The two sides discussed developments in the situation in Palestine, expressed their deep concern about the humanitarian crisis in Gaza, and stressed the need for an immediate cessation of hostilities, and the need to protect civilians in accordance with international laws and international humanitarian law. They stressed the importance of the role that the international community must play to stop violence against civilians and all international humanitarian violations. In this regard, both sides welcomed the humanitarian truce agreement and called for its extension and the release of all hostages.
The two sides stressed the need to allow international humanitarian organizations to play their role in providing adequate humanitarian and relief aid to the Palestinian people, including United Nations organizations, especially the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), and to support their efforts in this regard. The two sides stressed the importance of intensifying efforts to reach a comprehensive and just settlement of the Palestinian-Israeli conflict in accordance with the principle of the two-state solution, the Arab Peace Initiative and all relevant United Nations resolutions to ensure the establishment of a viable State of Palestine on the 1967 borders, living side by side with Israel in peace and security.
Regarding the Yemeni issue, the two sides affirmed their full support for international and regional efforts to reach a comprehensive political solution to the Yemeni crisis, including initiatives facilitated by the United Nations. The Brazilian side welcomed the Kingdom’s efforts and initiatives to encourage dialogue and reconciliation between the Yemeni parties.
The Brazilian side welcomed the resumption of diplomatic relations between the Kingdom and Iran, expressing its hope that this step would contribute to enhancing security and stability in the region, in a way that preserves the sovereignty of countries and non-interference in their internal affairs.
Regarding the conflict in Ukraine, the two sides stressed the importance of settling the crisis through peaceful means, giving priority to dialogue and diplomatic solutions, and making all possible efforts to restore security and stability and limit the negative repercussions of this crisis.
At the conclusion of the visit, His Excellency the President of the Federal Republic of Brazil, Mr. Luiz Inacio Lula da Silva, expressed his thanks and appreciation to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for the good reception and generosity given to him and the delegation accompanying him. Hospitality. His Highness also expressed his best wishes for health and happiness to His Excellency, and for further progress and prosperity for the friendly Brazilian people.

By KSA Embassy Islamabad