Pedro Sánchez, the leader of Spain’s Socialist Party, begins his first Latin American trip since the start of his latest term.
Starting this Tuesday, he will visit Brazil and Chile to strengthen ties with these countries.
Sánchez, who started his second term in November, looks forward to meetings with Luiz Inácio Lula da Silva of Brazil and Gabriel Boric of Chile. He has a good relationship with both.
He brings Carlos Cuerpo, the Economy Minister, Xiana Méndez, the Commerce Secretary, and many Spanish business figures. The trip ends on Friday, March 8.
After Wednesday’s meetings in Brasília, including one with Lula da Silva, Sánchez will travel to São Paulo on Thursday.
He will attend a forum there to discuss partnership opportunities. Spain sent €3.295 billion worth of goods to Brazil, which brought in €7.446 billion last year.
Fuels, oils, and minerals account for 18% of these exports, followed by machinery at 13%.
Brazil also receives significant Spanish investment, especially in storage, logistics, and energy.
In Chile, Sánchez arrives late Thursday to focus on economic discussions. They will update a 2013 agreement to include new areas like sustainability.
On Friday, he meets Boric and joins a Santiago business forum. Spanish firms want to grasp Chilean priorities, as Spain’s business confederation stated.
From January to November 2023, Spanish exports to Chile totaled €1.546 billion, down 7% from the previous year.
Imports from Chile dropped by 20.5%, reaching €1.162 billion. This journey underscores Spain’s desire to fortify its Latin American connections.
These efforts show the importance of international relationships in boosting economies and supporting mutual goals.