Brazil Once Again Breaks Record as Recipient of Foreign Investment

Investment in Brazil Among the main objectives of the conference that the World Association of Investment Promotion Agencies (Waipa) is promoting in Rio de Janeiro is discussing new investment criteria, characterized by the deceleration of developed economies and by the greater presence of emerging economies.

The event, named Waipa Investment Conference – Foreign Direct Investment: New Scenario and Challenges, is being promoted in Brazil and the Americas for the first time, said the Waipa president, Alessandro Teixeira. Teixeira also presides the Brazilian Export and Investment Promotion Agency (Apex-Brasil).

"Investment agencies the world over are working to lighten the effects of the crisis for the next year, with a positive perspective for retaking of the level of investment in 2010," said Teixeira.

He considers that 2008 was an important year, which should reach a level of global investment higher than US$ 1.8 trillion, "which is record in recent global economic history."

Agencies are concerned with proceeding with this positive foreign direct investment (FDI) flow. "This is the essence of our talks in Rio de Janeiro."

In 2007, the FDI flow into Brazil broke a historic record of US$ 35 billion. "And we have already broken this record in 2008," said Teixeira. He estimates that this year the FDI flow should exceed US$ 37 billion, and may even reach US$ 39 billion. "And Brazil may reach a 30% share of the total investment flow into Latin America," he added.

Brazil, with 1.9%, is already in the third position in the "ranking" of emerging nations in terms of attraction of foreign direct investment, losing only to China, which receives 4.5% of all investment in the world, and Russia (3.3%).

Teixeira believes that this scenario should remain next year and expand in 2009, when Brazil should reach 2% of the total invested in the world.

ABr

Tags:

Ads

You May Also Like

Lack of Capital for Rural Producers Cuts Jobs in Brazil

The Brazilian Confederation of Agriculture (CNA) called attention last week to the decline in ...

Brazil’s Industrial Park Committed to Ban Illegal Amazon Timber

The seven municipal administrations that comprise the Greater ABC region of metropolitan São Paulo ...

Brazil Turns to Bill Gates Foundation to Fund Help to African Agriculture

Researchers at Brazilian Agricultural Research Corporation (Embrapa) are in the Democratic Republic of Congo, ...

Brazil Grows 6.8% and Won’t Go in Recession, Says Minister

For the surprise of the world Brazil expanded at an annual 6.8% in the ...

Ypií³ca: the Rich History of Brazil’s Poor Man’s Drink

Visitors to Fortaleza should not miss the chance to visit the Museu da Cachaça ...

American Pilots Get Back Their Wings in Brazil and Fly to the US

American pilots Joe Lepore and Jan Paladino have left Brazil about 4:30 pm, today, ...

Mickey Gets a Brazilian Voice

Brazilian music has influenced many musicians and has won fans worldwide, specially the bossa-nova ...

Brazilian Rice Exports Grow, But Imports Are Twice as Big

In the first semester Brazil sold 232,000 tons of rice on the foreign market. ...

Fight’s Up in Sí£o Paulo, Brazil. Let’s Count the Votes!

President Lula is asking the Justice Minister to refine the charges against Marta Suplicy’s ...

Brazil’s Baptista Brings a Handful of Wild Sound Cards

After numerous sanitarium sojourns, an attempted suicide, and his consequently long period of recuperation, ...