Brazil Seeks More Investments from Spain

Brazil and the region of Catalonia (Spain) will exchange information about investments that may help potential Brazilian and Catalan investors in their international businesses decision-making process.

A Memorandum of Understanding on the exchange of economic data was signed in Barcelona (Spain), yesterday, by Brazil’s Minister of Development, Industry and External Trade (MDIC), Luiz Fernando Furlan, and by the Minister of Trade, Tourism, and Consumer Affairs of Spain, Josep Huguet.


Catalonia has approximately 17 thousand exporting companies, and the expectation is that, through information exchange, many of them will be interested in investing in the Brazilian market.


Brazil will make data from the National Investment Information Network (Renai) available. The Consortium for the Commercial Promotion of Catalonia (COPCA), in turn, will pass the information to Catalan companies interested in investing abroad.


After signing the Memorandum, Furlan had a meeting with the President of the Catalan Generalitat, Pasqual Maragall, to talk about increase in bilateral trading, and possible investments in Brazil.


COPCA will first send a technical mission to Brazil; a political mission will follow to further strengthen commercial relations between Brazil and Catalonia.


ABr

Tags:

You May Also Like

Water Wonderland

Recife is full of surprises: bright sun, ever-blue skies tempered by the ocean breeze, ...

Lula Tells Brazilians He Feels Betrayed and Begs Forgiveness

In an address to the nation, prior to the 11th meeting of the full ...

The Fear of Being First

By making Lula look like someone who could win, the PFL hopes to scare ...

Frederico Fleury Curado, new Embraer's CEO

Brazil’s Embraer Is Hiring 4,000 and Getting New President

Brazilian aircraft manufacturer Embraer is about to enter a new phase. Beginning on April ...

Car Sales Fall 10% in Brazil. Exports Also Down 7%.

Sales of domestic and foreign vehicles in Brazil fell 9.6% in June in comparison ...

Brazil Wins the Cotton War Against the US

Brazil gained a definitive victory at the World Trade Organization (WTO) against US cotton ...

IMF Happy With Brazil’s Performance

Following a meeting with Brazilian President Luiz Inácio Lula da Silva, Anne Krueger, deputy ...

Time for a Strong Brazil-Arab Business Connection

The head of the trade mission from five Arab countries which is in São ...

Brazil: Another Carnaval Is Over in Rio. Time to Clean Up the Mess

A street vendor in Rio de Janeiro, Brazil, says that working during Carnaval is ...

Brazil’s Trade Balance Surplus to Reach US$ 35 Billion in 2005

Last week, Brazil’s trade balance surplus (exports minus imports) reached US$ 943 million, raising ...