President Lula Encourages RI-Brazil Trade Without US Dollars

Presiden Prabowo Subianto bersama Presiden Brasil Luiz In Maritimecio Lula da Silva berjaku tangan usai menyampaikan keterangan kepada wartawan/ANTARA PHOTO/Aditya Pradana Putra/bar

JAKARTA - Brazilian President Luiz Inrypto Lula da Silva is pushing for a more balanced free trade system, including exploring the use of the currency of each country in bilateral transactions, to reduce dependence on the US dollar currency.

"Indonesia and Brazil do not want a new cold war. We want free trade, and even further, we want to explore trade between countries using their respective currencies," Lula said in a statement at the Merdeka Palace, Jakarta, Thursday, October 23.

He stated the importance of new courage for developing countries, including Indonesia and Brazil, to build a more independent and fair global trading system.

Lula explained, the two countries are committed to strengthening economic, scientific, technology, culture and politics cooperation without relying on one major world force.

He said the world in the 21st century demanded courage to change, a determination that he said was not yet owned in the 20th century.

Therefore, President Lula calls for the importance of multilateralism compared to unilateralism, as well as economic democracy rather than protectionism.

Brazilian president added that the main goals of the two countries are inclusive economic growth, job creation, and increasing people's welfare, as a form of moral and political responsibility of the leaders to their nation.

"We want to grow, create jobs, and provide a decent life for the people, because that is the mandate given to us as leaders," he said.