Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies are welcome to do business in Brazil, speaking at the opening of a Chinese automaker’s factory in Sao Paulo state.
Lula told the ceremony for GWM’s new plant that his government is ready to work with new investors. “Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants to come, we welcome you with open arms,” he said.
The president criticised the 50% tariffs on Brazilian goods imposed by U.S. President Donald Trump, calling them an “unnecessary turbulence.” He told Reuters earlier this month that he would raise the issue at the BRICS group, which includes China, to seek ways to respond.
Lula noted that automakers such as Ford and Mercedes had scaled back operations in Brazil in the past, but welcomed new arrivals like China’s GWM. He said Brazil remains open to business negotiations.
GWM’s Brazilian arm can produce 50,000 vehicles annually and is expected to create more than 2,000 jobs once exports to Latin America begin, according to the company.
Brazil’s auto exports are forecast to rise 38.4% in 2025 compared with 2024, reaching 552,000 units, the automakers association Anfavea said last week.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of September, covering the latest developments you need to know.
Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers to slavery-like conditions on a farm during the 1970s and 1980s, labour prosecutors said on Friday.
Brazilian President Luiz Inácio Lula da Silva said on Friday that his government is considering reciprocal tariffs on U.S. goods after Washington imposed a 50% duty on Brazilian imports earlier this month.
Brazil’s government has ruled out subsidising hotel costs for delegates attending the COP30 climate summit in Belém this November, despite growing concerns over soaring accommodation prices.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Lebanon’s cabinet on Friday endorsed an army plan to disarm Hezbollah as Shi’ite ministers stage walk out in protest.
The U.S. has ordered the deployment of 10 F-35 fighter jets to a Puerto Rico airfield for operations against designated narco-terrorist groups operating in the southern Caribbean, sources said. The planes are expected to arrive by late next week.
David Lammy, Yvette Cooper and Shabana Mahmood are on the up as Prime Minister Keir Starmer reshuffles his cabinet following former deputy Angela Rayner's exit.
At the Shanghai Cooperation Organisation (SCO) summit in China, fresh details surfaced about the circumstances behind Azerbaijan’s blocked membership bid. Diplomatic sources cited by APA said the decision was not only driven by India but also actively supported by Russia.
Joe Biden has undergone a surgical procedure to remove cancerous skin cells and is recovering well, according to NBC News.
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