Jakarta, Oct. 23 -- Brazilian President Luiz Inacio Lula da Silva advocated for more balanced and independent global trade through local currency settlement, including in bilateral trade with Indonesia.

Speaking alongside President Prabowo Subianto at the Merdeka Palace, Lula emphasized the shared commitment to avoiding a new Cold War and promoting free trade beyond reliance on the US dollar.

He urged developing nations like Brazil and Indonesia to unite in pursuit of fairer trade systems, stressing that the 21st century demands bold reforms absent in the previous era.

Lula reaffirmed the importance of multilateralism over unilateralism and economic democracy over protectionism.

Both leaders pledged to deepen cooperation across sector...