Brazil Seeks To Attract More Foreign Investments For Infrastructure

Delegation led by Moreira Franco, head of General Secretariat of the Presidency, plans to establish new business in the Brazilian infrastructure sector

Moreira franco

A delegation of high-level Brazilian officials embarked for Frankfurt (Germany) this week aiming to attract more infrastructure investments to Brazil. The delegation features several cabinet members, including the head of the General Secretariat of the Presidency, Moreira Franco, Finance Minister Henrique Meirelles, Transport Minister Maurício Quintella and Mines and Energy Minister Fernando Bezerra.

The group will attend a seminar and take the opportunity to promote Brazil in foreign markets and attract new investments.

Held by Apex-Brasil in partnership with the Brazilian government, Banco do Brasil and Deutsche Bank, the Investment Opportunities in Brazil seminar begins on Thursday (30). At the occasion, the Brazilian delegation will also meet with German businessmen who have business in the country.

The trip is part of the Investment Partnership Programme (PPI), which consolidates several infrastructure concession and privatisation initiatives of the federal government.

Moreira Franco argued that one of the core factors driving the resumption of growth in the country is the creation of jobs and the expansion of incomes, which will only be possible to maintain with more investments. “With Brazilian and foreign capital, with all those who can bring us technology, knowledge and increased productivity. That is how we are going to move forward, and move forward now,” he said.

Complexo Industrial e Portuário de Suape (photo05)

Essential for foreign trade, maritime transport advances in Brazil

Investing in maritime shipping is essential to make a country strong and relevant in foreign trade. This year alone, the Brazilian government will either auction or extend concession contracts for eight ports as part of the Investment Partnerships Program (PPI). One of the main terminals involved is the Rio de Janeiro Wheat Terminal, with forecasts of R$ 93.1 million in investments over the next few years.

With most of its exports in the form of agricultural goods, Brazil needs port terminals that can allow its massive volumes of trade output, especially for products like soybean and maize, to flow quickly to their destinations.

More than 90% of all international trade is done by sea, as per data from the International Chamber of Shipping.

According to the entity, without this form of freight transport, it would be impossible to close deals and expand foreign trade. Currently, more than 50,000 merchant ships carry international cargo and products through countries.

Brazil’s sea

In Brazil, maritime transport is equally crucial. Shipments by sea account for 83.5% of total exports by the country (which recently hit the record high of US$ 153.2 billion from January to October). Total exported volume reached 521 million tons in the period.

In imports, the scenario is similarly relevant. By the end of October, imports by sea had totalled US$ 113.3 billion, which corresponds to 73.6% of all foreign purchases made by the country.

Brazilian ports export all main products in their trade balance: soybean, soybean meal, maize, mineral products, meat, sugar, cars, coffee, and other consumer goods.

Today, Brazil has 34 public ports and more than 100 private port facilities covering 8,500 kilometres of navigable coast.

Over 11.9 thousand foreign nationals were given authorization to work in Brazil

Brazil visa blurred 2
Brazil is also a country of opportunity for foreigners. Between January and June this year, the Ministry of Labor issued 11,998 permits for temporary or permanent work for professionals from several parts of the world.

Foreign nationals may only work in the country with this document. The majority of beneficiaries are American: 2,170 permits has been issued for these citizens. Then, they  have Filipinos, with 1,224 permits; followed by the Chinese, with 799.

The highest demand for this labor is concentrated in the Southeast. The State of Rio de Janeiro has received 5.3 thousand foreign workers, followed by São Paulo, with 4.6 thousand and Espírito Santo, with 279.

Most of the work contracts are in the areas of science, arts, as well as technicians and directors for organizations.

[Source: Government of Brazil -/- Media Relations]
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