The confidence in the opportunities that the country offers to foreign investors set the tone for the panel “Investing in Brazil,” part of the Brazil Investment Forum 2017, held on May 30 and 31 in São Paulo. The confidence in the opportunities that the country offers to foreign investors set the tone for the panel “Investing in Brazil,” part of the Brazil Investment Forum 2017, held on May 30 and 31 in São Paulo.
Business leaders from various sectors, whose companies have had a presence in Brazil for decades, reinforced their long-term focus as the driving force behind their investment decisions. Stefan Ketter, the director of Fiat Chrysler for Latin America, took the opportunity to extend an invitation to all participants: “Everyone knows that investments should be counter-cyclical. If we want to participate in the next cycle of Brazilian growth, now is the time to invest,” said the executive, who oversees the company’s 150 plants worldwide.
“Brazil continues to consolidate itself every day as a particularly attractive country [for investments],” said Roberto Jaguaribe (photo), president of the Brazilian Agency for Promotion of Exports and Investments (Apex-Brasil). He reported that the country has already registered $30 billion in new foreign investments in the first months of 2017 and is expected to close the year among the top five countries with the highest levels of FDI attraction.
“We have opportunities in agribusiness, in the oil sector, and in several other areas. There is a greater convergence of trade instruments, not only to bring the world to Brazil but also to take Brazil to the world, despite the turbulence we have faced in the last two years,” said the president of Apex.
Siemens, which has been doing business in Brazil for over 150 years, is “prepared” for its next major investment cycle and will double its activities in the coming years, said Paulo Ricardo Stark, CEO of Siemens Brazil. According to Stark, those with experience in investing in the country have no doubt that there is demand and opportunities for investments. “It is a country that has true democracy, a large internal market, fertile soil, mineral wealth, and a strategic geographical position for the Americas.”
The CEO of Anglo American Brazil, Ruben Fernandes, praised the way Brazilians face their crises. The “speed with which it can reverse crises and seek results” is very healthy, said the executive. Specifically regarding the sector of Anglo American, that is, mining, he praised the work the government has done to reformulate the regulatory framework to attract investments. “Mining is one of the pillars of this country, as it supports other investments,” he said, noting that investment decisions in this sector are always long-term.
Source: BrazilGovNews