Brazil Plans To join China Belt and Road Initiative.

Brazil’s president revealed on Friday that his administration was putting together “a proposal to join” the Belt and Road Initiative, China’s flagship infrastructure and investment project. Luiz Inacio Lula da Silva shared the news during an event announcing investments by the Brazilian Development Bank to renovate a highway between Rio de Janeiro and Santos, a city 85km (53 miles) from Sao Paulo, site of the country’s main port. Describing a synergy between Chinese interests and Brazil’s infrastructure gap, Lula voiced openness to accession as long as it brought tangible results. “As China wants to discuss this Silk Road [the initiative’s former name], we will have to prepare a proposal to assess ‘What do we gain? what’s in it for Brazil if we participate in this thing?’,” he said. Report from Igor Patrick [As reported in the South China Morning Post].

More information here: https://www.scmp.com/news/china/diplomacy/article/3271218/after-spurning-china-years-brazil-reveals-plan-join-belt-and-road-initiative