On Friday, July 14th, the Minister of Mines and Energy, Alexandre Silveira, received the Parliamentary Vice-Minister of Economy, Trade, and Industry of Japan, Satomi Ryuji, and his delegation. They discussed energy transition, fuels, mining, and the meeting of the Brazil-Japan Joint Committee on Trade, Investments, and Industrial Cooperation.

"We are experiencing a very promising moment in Brazil in terms of international relations, mainly due to President Lula's approach of promoting economic development with social purposes in a synergistic manner. We are aware of the importance of creating an environment with legal and regulatory security, as well as political and social stability for international investors. We have significant Japanese companies that invest in various areas in Brazil. Let us strengthen these ties even more, seeking advantages for both countries," stated the Minister.

Japan is the world's third-largest economy and the 12th largest direct investor in Brazil. It is also Brazil's 4th main partner among Asian countries and 9th globally. In 2022, the Brazil-Japan trade flow amounted to US$ 11.9 billion, with a Brazilian surplus of approximately US$ 1.3 billion.

The Minister also advocated for expanding cooperation between the technical areas of both countries for project development and knowledge exchange, such as in the production and storage of green hydrogen, critical minerals for energy transition, and exploring the potential of Brazilian bioethanol.

In May of this year, President Lula visited Japan, participating in the G7 Summit and meeting with the Japanese Prime Minister. During the meeting, the President highlighted the need for Brazil and Japan to establish a more productive relationship not only commercially but also in cultural, political, and scientific-technological aspects.