28 февраля 2024 — 15:00
The volume of bilateral trade between Russia and Brazil in 2023 remained at the level of the historical record of 2022 and amounted to $8.4 billion. This was announced by Deputy Minister of Economic Development of the Russian Federation Vladimir Ilyichev at a meeting of the 12th intergovernmental Russian-Brazilian commission on trade, economic, scientific and technical cooperation, TASS informs.
"Russian-Brazilian cooperation is based on mutual respect, equal consideration of each other's interests, similar national interests in the long term and similar approaches to resolving pressing international problems," Ilyichev said. - Russian-Brazilian trade and economic relations have a stable character and positive dynamics. In 2023, the Russian-Brazilian trade turnover maintained the record figures of the previous year and amounted to $8.4 billion."
The participants of the intergovernmental commission also discussed the issue of increasing the supply of Russian mineral fertilizers to Brazil. In 2023, the volume of fertilizers shipped to the country amounted to more than 8 million tons - about 25% of all Russian exports of these products.
"It is important that during the negotiations we managed to reach agreements in principle on further increasing bilateral trade, including by increasing the number of goods with a high share of added value," the Deputy minister said. "By the end of this year, members of the Russian-Brazilian Business Council will conduct a business mission of Russian companies to Brazil."
The 12th meeting of the intergovernmental commission was held as part of preparatory activities and on the eve of the next round of the Russian-Brazilian High-level Commission, a mechanism designed to address the most ambitious issues on the bilateral agenda. The meeting of this commission will be chaired by Russian Prime Minister Mikhail Mishustin and Brazilian Vice President Geraldo Alkmin.
The next meeting of the intergovernmental commission will be held in Brazil in 2025 and will be devoted, first of all, to cooperation between the countries in high-tech fields and other topical issues on the bilateral agenda.