At the dinner Brazilian President Luiz Inácio Lula da Silva said South Korea is a strategic partner in Asia and he also said that business between Brazil and Korea in 2004 will be US$3 billion. Mr. Lula said Brazil supports Korea in their effort to join the Inter-American Development Bank (IDB).
According to official sources Brazil and South Korea also discussed energy and natural resources cooperation agreements. They signed the Broad Relationship of Cooperation for Common Prosperity in the XXI Century agreement which covers natural resources, science, information technology and technology in general.
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