Italy economic development minister seeks investments in Brazil
Sat Sep 22, 2012 8:52AM
The Italian minister of economic development, Corrado Passera, is looking for investment from Brazilian entrepreneurs. In Sao Paulo, where the vast majority of the large corporations are headquartered, the Italian representative made his case.To enhance the interest in trade between Brazil and Italy the Minister of Economic Development, Infrastructure and Transport of Italy, Corrado Pasera, brought to Brazil a packages of proposals to representatives of the Brazilian Government and private businessmen, especially from the City of Sao Paulo. The Italian government wants to explain their strategy for the improvement of the their economy to potential Brazilian investors. One of the goals of the Italian government is to strengthen trade between the BRICS countries, Brazil, Russia, India, China and South Africa, who have the best growth rates in the World and are responsible for 18% of the World economy. Brazil is the second largest Italian business partner in Europe and eighth in the world; therefore the coming of the minister to Brazil in search of more investment is so important to the future of Italy economy. Seven hundred Italian companies from small to large sizes from different industries are established in Brazil, a number that has tripled in the last 10 years. The exports from Italy have also increased considerably. The Italians sell to Brazil machines, industrial equipment, automobiles and pharmaceuticals, and Brazil exports to Italy raw materials such as iron ore, coffee, wood pulp, skins and leather. The Italian minister returns to his country with a sense of mission accomplished, as the economic policies of Mario Conti Government were extensively discussed by Brazilian entrepreneurs to whom he gave guarantees and a sense of security that there will be a resumption of growth in the Italian economy.