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UK Deputy PM arrives in Brazil to promote trade and investment

Tuesday, June 21st 2011 - 05:50 UTC
Full article 27 comments
Nick Clegg arrives in Sao Paulo with a delegation of 45  Nick Clegg arrives in Sao Paulo with a delegation of 45

British Deputy Prime Minister Nick Clegg arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures to promote bilateral trade with Latin America’s largest economy.

The three-day visit is an attempt by the UK to double exports to Brazil by 2015 and with that in mind the 45-member delegation also includes universities minister David Willetts, the trade minister Lord Green and a foreign minister, Jeremy Browne. Besides Sao Paulo the group will visit Rio de Janeiro and the capital Brasilia.

Even when the main purpose of the visit is promoting trade and investments, Deputy PM Nick Clegg is expected to discuss, among other political issues, with Brazilian Foreign Affairs Antonio Patriota, recent events involving the Falkland Islands and continental solidarity with Argentina.

According to a report in the Financial Times Culture Secretary Jeremy Hunt and Olympic officials will try to sell know-how on stadiums and major events organization ahead of the 2014 World Cup and the 2016 Games in Rio do Janeiro.

David Willets universities and science minister will attempt to convince wealthy Brazilians to study in the UK instead of the US and Trade Minister Lord Green will promote Navy shipbuilding contracts. The two countries navies have a long shared history going back to when the royal Portuguese house fearing Napoleon in Spain was taken from Lisbon to Brazil by the Royal Navy.

Britain is Brazil’s 11th biggest trade partner, well behind Germany, which ranks fourth and also behind Italy and France. Top British exports to the country include pharmaceutical products, chemicals, iron and steel and power-generating machinery.

British companies are very much involved in Brazil’s oil and gas industry both in exploration and in logistics support.

Deputy PM Clegg has already visited Mexico, the region’s second largest economy and has other trade visits to the region planed in the near future.

In a major foreign policy shift the UK coalition government is emphasizing trade with the emerging economies, mainly BRICS members, Brazil, Russia, India, China and South Africa and regions that managed to overcome the 2008 financial crisis.

 

Top Comments

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  • Martin_Fierro_AR

    “...arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures...”

    Little mirrors as well to mesmerize the natives...

    You're dying UK, you have nothing that we need.

    Jun 21st, 2011 - 07:15 am 0
  • A.J.Rimmer

    Really Martin????

    The British companies that are doing particularly well in Brazil include:

    •BG Group, which is the most important foreign partner of Petrobrás and has projected investments of over US$10bn in offshore oil exploitation;
    •Wellstream, which is increasing production of flexible pipes for the offshore oil industry;
    •Shell, with its long tradition of investment in Brazil;
    •BP, which has been making major investments in biofuels;
    •Diageo, the sellers of whisky and many other beverages;
    •Cadbury, with its growing participation in the Brazilian confectionary industry;
    •Rolls Royce, which is celebrating 50 years of activities in Brazil;
    •Glaxo SmithKline, which has forged a groundbreaking partnership with Fiocruz to develop important vaccines;
    •HSBC, with successful operations throughout Brazil;
    •GKN, producing car components;
    •Lloyds of London, which is now established in Rio de Janeiro and set to participate in the recently-liberalized Brazilian insurance markets.

    Meanwhile, the Brazilian presence in the UK includes:

    •Petrobras Europe, which has a long history in London;
    •Banco do Brasil, also long-established in London;
    •Banco Itaú-Unibanco and Bradesco, Brazil's two largest private banks;
    •Marfrig and JBS, which are among the largest meat exporters in the world;
    •Cutrale, the world's largest orange juice producer and exporter;
    •Rede Globo, the most important TV network in Brazil;
    •The Brazilian National Development Bank (BNDES);
    •BM&FBOVESPA - the São Paulo stock exchange

    BNDES and BM&FBOVESPA reflect the buoyancy of the bilateral economic relations by having recently opened new offices in the City of London.

    Care to clarify your petty outburst, or was it just an uneducated guess Martin??

    Jun 21st, 2011 - 08:56 am 0
  • lsolde

    @2A.J.Rimmer,
    Well presented, A.J. Don't mind Martin, he just can't help himself.
    l'd vote him the head Argentine-plonker on here.

    Jun 21st, 2011 - 09:59 am 0
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