Brazil and Chile Strengthen Trade and Infrastructure Ties with Bioceanic Corridor Project

Brazil and Chile deepen economic and infrastructure cooperation highlighted at the Brazil-Chile Business Forum.

• Trade relations between Brazil and Chile are strong, with a US$ 2.7 billion commerce exchange in the first quarter of 2025, and Brazil maintaining a trade surplus of US$ 350 million.
• Thirteen bilateral agreements signed covering diverse sectors: justice, security, defense, science and technology (including AI), culture, fishing, agriculture, and livestock.
• The Bioceanic Corridor (Rotas de Integração Sul-Americana) is a key infrastructure project linking Brazilian and Chilean ports via Paraguay and Argentina, aiming to be completed by 2026.
• Brazil hosts the largest stock of Chilean external investments globally, while Chile is a crucial commercial partner, valued above European countries such as England and France.
  President Lula and President Boric emphasize sovereign interests, security for investors, and collaboration to enhance regional integration and economic development.