NewsWhore
06-21-2007, 03:50 PM
President Leonel Fernandez and his Brazilian counterpart Luiz Inacio Lula Da Silva have signed cooperation agreements aimed at strengthening relations between their two countries, which have increased rapidly in recent months. Lula commented that Fernandez's visit consolidates the Brazil-Dominican Republic partnership. Lula stated that the DR could play an important role in helping create a free trade market between MERCOSUR and the Central American Integration System (SICA). Lula also complimented Fernandez's leadership in the DR and in the region and said that both countries are striving for sustainable development. The Brazilian statesman commended the DR its support to the Brazilian-United Nations force efforts to stabilize neighboring Haiti. Brazil is expected to build an ethanol production plant in Boca Chica, a project worth an estimated US$80 million. The DR has also agreed to buy Tucano jets from Brazil. A series of Brazilian business representatives have visited the DR in recent months to explore business opportunities.
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