Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping attend a welcoming ceremony at the Great Hall of the People in Beijing, China on April 14, 2023. Photo: Reuters.

Brazilian President Luiz Inácio Lula Da Silva estimated that during his official tour to China and the United Arab Emirates, the South American giant signed deals worth 62.5 billion Brazilian reais, or more than $12.7 billion.

"I return to Brazil today with the certainty that we are returning to civilization. In the United Arab Emirates, we closed deals for a total of R$12,500 million [about 2,545 million dollars]. In China it was [R$] 50,000 million [about 10,183 million dollars] And, most importantly, we reopen the doors of the world to new advances for our country," Lula posted on Twitter.

During the Brazilian president's stay in China, the two parties signed fifteen agreements, including memoranda of understanding on cooperation in research and innovation, information and communication technologies, investment promotion and industrial cooperation, social and rural development, and the fight against hunger and poverty, space cooperation, electronic certification of products of animal origin, and others.

According to Lula, the agreements signed will allow progress in areas such as renewable energy, the automotive industry;

agribusiness, green credit lines, information technologies, health and infrastructure.

During the visit of the Brazilian president to the United Arab Emirates, the governor of the state of Bahia, Jerônimo Rodrigues, signed a memorandum of understanding with the financial fund Mubadala Capital, from Abu Dhabi, which promised to invest R$12,000 million (about 2,444 million dollars) in ten years in the construction of a green diesel and kerosene plant for sustainable aviation.

In 2021, Mubadala Capital took control of the Mataripe refinery, in Bahia (northeast).

(Taken from Sputnik)