Malaysia and Brazil Pledge to Strengthen Bilateral Ties and Promote Global Cooperation
Multilateral System and Global Governance
Malaysia and Brazil have expressed their commitment to working together to revitalize the multilateral system based on the principles of the United Nations Charter and international law. The two leaders, President Luiz Inacio Lula da Silva and Prime Minister Datuk Seri Anwar Ibrahim, made this pledge during a bilateral meeting on the sidelines of the G20 Summit in Rio de Janeiro.
Comprehensive Reforms in Global Governance
Both leaders recognized the need for comprehensive reforms in global governance to make it more effective, transparent, and accountable. They emphasized the importance of taking into account the aspirations of emerging and developing countries to play a greater role in international affairs.
Reflecting 21st Century Realities
The reforms would reflect the social, economic, and political realities and predicaments of the 21st century, as well as the increasing prominence of the Global South. Anwar and da Silva noted the emergence of new centres of power, policy decision-making, and economic growth, which should pave the way for a more equitable, just, democratic, and balanced multipolar world order.
Energy Transition and Biofuels
Both leaders supported bilateral and international efforts to promote a just and equitable energy transition that takes into consideration national circumstances in developing countries and their contributions to attaining the global objective of the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC). They also recognized the importance of biofuels in decarbonising the mobility and transport sector in developing countries and praised the progress in bilateral energy initiatives.
Semiconductor Sector and Industrial Policies
Anwar and da Silva expressed their support for efforts to develop bilateral collaboration in the semiconductor sector through the increasing dialogue between governments, the private sector, and research, development, and innovation institutions of both countries. They also reaffirmed the benefits of an exploratory, horizontal, and collaborative approach that aligns with the industrial policies of both countries.
Bilateral Trade and Investment
The two leaders noted the importance of bilateral trade and mutual investment flows as vectors of development in both countries and recognized the need to diversify and further expand the volume of commerce, leveraging the long-standing trade and investment ties between the two countries. They acknowledged that a bilateral investment agreement would enhance economic linkages between Brazil and Malaysia.
ASEAN-Brazil Cooperation
Anwar and da Silva welcomed the opportunity for enhanced cooperation through the ASEAN-Brazil Sectoral Dialogue Partnership and expressed support for ongoing initiatives within the ASEAN-Brazil Practical Cooperation Areas.
Conclusion
The joint statement between Malaysia and Brazil reflects a strong commitment to strengthening bilateral ties and promoting global cooperation. The two countries have identified key areas for collaboration, including energy transition, semiconductor sector development, and bilateral trade and investment. These efforts will contribute to a more equitable, just, and democratic world order.
FAQs
Q: What is the significance of Malaysia’s ASEAN chairmanship and Brazil’s BRICS presidency?
A: Malaysia’s ASEAN chairmanship and Brazil’s BRICS presidency provide opportunities for the two countries to strengthen their bilateral ties and promote global cooperation.
Q: What are the key areas for collaboration between Malaysia and Brazil?
A: The two countries have identified key areas for collaboration, including energy transition, semiconductor sector development, and bilateral trade and investment.
Q: What is the significance of the ASEAN-Brazil Sectoral Dialogue Partnership and ASEAN-Brazil Practical Cooperation Areas?
A: These partnerships and cooperation areas provide opportunities for enhanced cooperation between Malaysia and Brazil, as well as other ASEAN member states and Brazil.