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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Brazil’s Chamber of Deputies has approved an historic free trade agreement between Mercosur and the European Union, moving the long-delayed pact closer to implementation.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
Brazilian President Luiz Inácio Lula da Silva has said he will urge U.S. President Donald Trump to avoid a "new Cold War" when the two leaders meet in Washington next month.
India and Brazil signed a mining and minerals cooperation pact on Saturday (21 February), as Prime Minister Narendra Modi said the two countries aim to increase bilateral trade to more than $20 billion within five years.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
Greek frigates have arrived in southern Cyprus after drone strikes hit the British base on the island. The Middle East conflict has left thousands stranded across the Gulf, flights are grounded, and the U.S. has confirmed the first American troops killed as fears grow of further casualties.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of February, covering the latest developments you need to know.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
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