VT Foreign Policy

One month after the signing of the agreement between China and Bolivia to optimise cooperation between the Industrial and Commercial Bank of China (ICBC) and Banco Unión de Bolivia and trade directly in their currencies of origin, Chinese yuan and Bolivian pesos, the first positive repercussions on the Bolivian economy are already being observed – a 30% reduction in demand for US dollars in foreign trade. The prospects are to expand the exchange, as well as to include other international currencies. In recent months, the Bolivian government has implemented several strategies to mitigate the lack of dollars in the local […] #Asia #Government #SouthAmerica Read Full Article: https://www.vtforeignpolicy.com/2024/04/bolivias-demand-for-us-dollars/?feed_id=10859

The meeting between Emmanuel Macron and Luiz Inacio Lula da Silva was an attempt by the French president to obtain the support of his Brazilian counterpart in favour of Ukraine. However, although French-Brazilian bilateral ties were advanced during Macron’s visit to Latin America’s biggest country on March 26-28, Lula reinforced his country’s neutrality in the Ukraine conflict. At the same time, disputes over the Mercosur and European Union agreement—another point of divergence between the two leaders—also showed no progress. Macron and Lula were photographed smiling in the city of Belém, where they agreed to raise more than $1 billion for […] #Europe #Government #SouthAmerica #UkraineWar #WarZone Read Full Article: https://www.vtforeignpolicy.com/2024/04/macrons-visit-to-brazil-failed-to-change-lulas-position-on-ukraine/?feed_id=10655

With BRICS members Brazil and India having a lot to benefit from strategic cooperation, ties were strengthened in meetings held this month. This series of recent meetings signals that a new strategic chapter in bilateral relations between Brazil and India has begun. Brazil’s Foreign and Defence Ministries met their Indian counterparts on March 14 and 15 in New Delhi. Then, on March 25, Brazilian President Luiz Inácio Lula da Silva, Defence Minister José Múcio, and Economy Minister Fernando Haddad met with businessman Natarajan Chandrasekaran, president of the administrative board of Tata Sons, an investment holding company that owns India’s largest […] #Asia #SouthAmerica Read Full Article: https://www.vtforeignpolicy.com/2024/03/brazil-and-india-begin-new-strategic-chapter-in-bilateral-ties/?feed_id=10483