Brazilian President meets President of South Korea

Tuesday, November 16, 2004

President Lula and President Roh Moo-hyun. (J. Freitas/ABr)

BRASÍLIA, Brazil – Mr. Luiz Inácio Lula da Silva, the President of Brazil, met with the President of the Republic of Korea Mr. Roh Moo-hyun at 5:30 PM at the Palacio do Planalto (Plateau Palace), the Presidential official residence, in Brasilia, Brasil. At 8:00 PM there was a dinner with Brazilian and South Korean Presidents and comitive.

At the dinner Brazilian President Luiz Inácio Lula da Silva said South Korea is a strategic partner in Asia and he also said that business between Brazil and Korea in 2004 will be US$3 billion. Mr. Lula said Brazil supports Korea in their effort to join the Inter-American Development Bank (IDB).

According to official sources Brazil and South Korea also discussed energy and natural resources cooperation agreements. They signed the Broad Relationship of Cooperation for Common Prosperity in the XXI Century agreement which covers natural resources, science, information technology and technology in general.