Cooperation was announced during a meeting between President Lula and Chinese Foreign Minister Wang Yi edit
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Sputnik – The union between the Growth Acceleration Program (PAC) and the New Silk Road could boost Brazil’s infrastructure, analysts say. The Chinese government expressed interest in integrating the PAC works, with a budget of R$1.7 trillion, into the New Silk Road project during a visit by Chinese Foreign Minister Wang Yi to Brasília at the end of January. Wang Yi signaled cooperation in sectors such as soybean production, green economy, digital economy, artificial intelligence and space exploration.
Analysts consider the combination of projects to be a significant opportunity, although they emphasize the need to assess risks. For experts such as Pablo Ibanez, professor of geopolitics at the Federal Rural University of Rio de Janeiro (UFRRJ), the initiative represents a perfect marriage between two ambitious projects. However, there are still uncertainties about how the integration will be carried out, as no terms have been signed so far.
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The expectation is that the partnership between Brazil and China can unlock bottlenecks in national infrastructure, especially in the construction of railways and other strategic projects. Evandro Menezes, sector analyst, highlights Chinese interest in expanding infrastructure, such as ports, roads and railways, aiming to connect trade flows of goods between the two countries.
Despite the economic opportunities that integration can bring, there are concerns about Brazil’s possible indebtedness to China and political issues, such as diplomatic neutrality in relation to Taiwan. However, analysts argue that Brazil has a solid institutional structure to negotiate agreements that benefit the country and that careful evaluation of the terms is crucial to avoid disadvantageous compromises.
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