Brazil has climbed five places and now ranks 49th among 132 countries. After 12 years out of the group of the top 50 economies in index, the nation now heads the ranking of Latin America and the Caribbean, overtaking Chile for the first time.
Brazil and Colombia envision an agenda, encompassing knowledge dissemination concerning the history of Afro-descendant populations in Latin America and the Caribbean.
“Counted together, we have 450 million people, with a GDP of nearly $4.5 trillion. We have a strong presence in negotiations, and that’s why such a moment [summit] is key,” President Lula declared.
Acting President noted that currently only 26% of transactions occur within the region and pointed out that in the globalized world, trade is largely intra-regional.
The move has been relayed to member countries and associated groups, like the EU, China, India, the Association of Southeast Asian Nations, and the African Union.