Lula Targets Industrial Leap to Boost Brazil's Economic Status

President Luiz Inácio Lula da Silva declared that the focus of his fourth term will be to transform Brazil into a developed nation. The goal is to move beyond the label of a developing country through a technological and industrial leap.

During an official visit to the Philippines, the head of the Executive branch argued that the country must stop exporting only raw materials. The target is to sell knowledge and intelligence to the global market.

The plan includes investments in the digital industry, the creative economy, and the green industry. The government intends to attract foreign companies for the exploration and industrialization of critical minerals and rare earths within national territory.

Lula highlighted his desire to produce batteries and chips in Brazil instead of just trading raw resources. The president seeks to expand partnerships with Asian nations to facilitate technology transfer.

The government is betting on multilateralism to diversify trade relations and mitigate the impacts of external tariffs. The strategy aims to elevate Brazil's status before international economic blocs.