- Cyril Ramaphosa is on a two-day state visit to Brazil.
- The talks aim to expand trade, investment and strategic cooperation.
- Bilateral trade to reach $32.5 billion in 2025.
South African President Cyril Ramaphosa is in Brazil at the invitation of his counterpart Luiz Inacio Lula da Silva on a two-day state visit aimed at strengthening diplomatic, political and economic ties between the two countries.
According to the South African president, Ramaphosa is also accompanied by a business delegation representing sectors including agribusiness, aerospace, chemicals, defence, energy, engineering, mining, maritime transport and pharmaceuticals.
During the visit, the two leaders are expected to explore ways to enhance economic cooperation and promote trade. Priority areas for cooperation include agribusiness, aerospace, creative industries, defence, energy, mining, science and technology, sports and tourism.
Ramaphosa is also scheduled to address the South Africa-Brazil Business Forum, which is designed to promote stronger business partnerships. He will also meet with Brazilian business leaders to encourage investment and highlight the opportunities available in South Africa.
In a statement, the South African government described Brazil, Latin America's largest economy, as a key partner for the country's engagement in Latin America and the Caribbean region.
Brazil and South Africa established diplomatic relations in 1948 and maintain close bilateral cooperation. In 2010, both countries elevated their relationship to a strategic partnership.
According to the South African government, trade between the two countries is set to reach $32.5 billion in 2025. Major traded goods include chemicals, machinery, iron, mineral products and vegetables.
The two countries are also expected to discuss shared geopolitical priorities as members of the Global South, including cooperation within BRICS, IBSA, G77+China, G20 and the United Nations.
liddy mobio