Multilateralism pays off: Brazil's trade surpluses have risen due to an expanded global partnership. president.
Despite a decline in trade with the US due to tariffs, Brazil's trade with 50 other countries successfully grew by an average of 10.5%, Lula da Silva said at the ASEAN Summit in Manila, as reported by a Sputnik correspondent.
This effective multilateral policy increased the country's national trade surplus from $8.8 billion to $14.1 billion, he noted.
Based on this policy, Brazil now aims to become a full partner of ASEAN and double its trade in both exports and imports, the president added.