Overview
- Lee Jae Myung and Luiz Inácio Lula da Silva adopted a four‑year action plan and broadened cooperation across the economy, space, the defense industry and critical minerals.
- Ten MOUs were signed spanning trade and industrial policy, core minerals, digital economy including AI, agriculture, health and biotech, SME exchanges and joint policing against cybercrime and narcotics.
- Both sides agreed to promptly resume negotiations on a Korea–Mercosur trade pact that have been suspended since 2021.
- Follow‑up mechanisms include a high‑level economic and trade committee and a vice‑ministerial economic and financial dialogue between the two finance ministries.
- Regulatory cooperation in health targets easier market access for Korean cosmetics in Brazil, while a Seoul business forum with about 300 Brazilian delegates proposed partnerships in advanced manufacturing, agriculture and cultural industries.