Brazil: China Ministry of Commerce and Brazil Ministry of Development, Industry, Trade and Services signed Letter of Intent on cooperation in digital economy investments

On 13 May 2025, the Ministry of Commerce of China and the Ministry of Development, Industry, Trade and Services of Brazil signed a Letter of Intent on cooperation in digital economy investments. The parties stated their intention to examine complementarities in the digital economy value chains of both countries and identify areas for cooperation. They agreed to support companies in exploring joint initiatives and participating in projects under Brazil’s industrial policy. Areas identified for cooperation include the development of digital economy infrastructure such as digitalisation processes, network connectivity, broadband networks, internet services, satellite navigation, terrestrial and submarine cables, data centres, cloud computing, low-carbon infrastructure, and digital systems including artificial intelligence, 5G, and smart cities. The parties also intend to support cooperation in the digital transformation of industries, data-driven economic activities, emerging digital technologies, and media sectors, including electronic games, audiovisual content, and streaming platforms. They noted the potential for integrating technologies such as 5G, the Internet of Things, artificial intelligence, and digital platforms into sectors including manufacturing, trade, logistics, transport, financial services, education, and healthcare.