Brazil’s Chief of Staff, Rui Costa, and China’s National Development and Reform Commission Minister, Zheng Shanjie, advanced strategic cooperation efforts between the two nations. The discussions centred on implementing a broad portfolio of bilateral projects, following agreements signed during Chinese President Xi Jinping’s
recent visit to Brazil, as reported by
Brisil 247, a partner of TV BRICS.

According to the Brazilian government’s official agency, the initiative seeks to attract investments in infrastructure, clean energy, sustainable development, and strategic technologies.

Dilma Rousseff, President of the New Development Bank (NDB), also known as the BRICS bank, participated in the discussions to underscore the institution’s role in funding these initiatives. Gabriel Galipolo, Monetary Policy Director at Brazil’s Central Bank, was also part of the negotiations.

The meeting highlighted two key task forces formalised in the Brazil-China Cooperation Plan, signed in November. One task force will focus on financial cooperation, while the other will drive projects in infrastructure, production chains, environmental sustainability, energy transition, and innovation.

Rui Costa emphasised the importance of aligning these initiatives with existing programmes such as the New Growth Acceleration Programme (Novo PAC), the Brazil New Industry Plan, the Ecological Transformation Plan, and the South American Integration Routes Programme.

The Brazilian government plans to involve multiple federal ministries under the coordination of the Chief of Staff’s office to ensure the projects’ consistency and efficiency. A preliminary list of priority initiatives is expected to be presented to the Chinese government by February 2025 to advance financing and execution stages.

According to the participants, these efforts aim to deliver significant economic and social benefits for both countries by 2025.

Photo: Brisil 247 (Ricardo Stuckert / PR)