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Whole World Is Bullish on Brazil, Says Brazilian Business Leader

Salim Taufic Schahin Saying that Brazil is "the ball of the turn," Arab Brazilian Chamber of Commerce president Salim Taufic Schahin summarizes the moment of optimism the country is living. Schahin participated in the annual assembly of the International Monetary Fund (IMF) and the World Bank (WB), which took place last week in Istanbul, Turkey.

"There is optimism with regard to the growth of Brazil and with regard to investment opportunities presented in the pre-salt layer, the Olympic Games and the World Cup," said Schahin, who is also a businessman and banker.

According to the president at the Arab Brazilian Chamber, the good perception regarding Brazil could be felt not just in the assembly general, but also in individual talks he had with bankers, ministers and businessmen.

Among the factors that place the country in a prominent position abroad, according to Schahin, are the economic stability, the currency, and the elevation of Brazil to investment grade by Moody's, in September. "Brazil was the last to enter and the first to leave the crisis," said the Arab Brazilian Chamber president.

He believes that all these factors should generate foreign direct investment in the country. "Much investment should come. We will have an important flow of capitals, and lines of credit opened," he said.

Schahin had the opportunity to talk to Arabs who were present in Istanbul and said that among them is the same positive perception. The Arab Brazilian Chamber president recalls, however, that to attract Arab investment, the country needs to work on it, travelling to the region to promote Brazil. "We need to do our homework," said Schahin.

In this respect, he spoke to the president of the Brazilian Development Bank (BNDES), Luciano Coutinho, and the financial director at Petrobras, Almir Barbassa, about the promotion of a seminar about Brazil in the Middle East, to attract Arab investors. Schahin recalls, however, that the Arabs also want to know about important matters for any investor, like investment safety, dual taxation and stability of the rules of contracts, among others.

The president of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, the Lebanese Adnan Kassar, offered his country to host the seminars on Arab investment in Brazil.

With Kassar, in fact, the Arab Brazilian Chamber president also discussed the possibility of promoting a meeting of the General Union of Chambers of Commerce in Brazil. He said he would take the theme to the organization's next meeting, this month, in Kuwait.



  • Show Comments (3)

  • Leo Bonneville

    Haha who are kidding?
    Dear Old Grumpy Ch.C:

    I just love how you compare yourself with the poverty ridden, middle class citizens of Brazil, that must make you feel real good, huh? but, but.. lets not forget that Brazil has a population of 200 million, most middle class citizens, but there’s a part of that population that we are all too familiar with, huh? huh?

    IN MY HUMBLEST OPINION it would only take a fraction of the Brazilian population, lets say 5% which equals about 10 million or so, to demoralize your whole midget country of 7.7 million, in all aspects of life.. And by a long margin too…IDIOT!

    So I do appreciate your per capital statistics, but you can’t really put Brazil in the same category as Switzerland one because, we have 200 million citizens, most of whom were never given a chance to succeed, for whatever bureaucratic reasons, and two, you’re from a DEVELOPED nation and Brazil is an EMERGING ECONOMY.

    It’d be like comparing yourself to me only I’m far more advanced than the people you speak of, please follow along: you’ve been around for awhile, had your trials and tribulations, paid your dues until you finally struck gold with that fortune* of yours.(I’d be very surprised if such a thing existed but for the sake of argument, we’ll believe ya)

    While I the young man with lots of ambition, who is determined, energetic, happy, full of life who is still learning, going thru my trials, refining myself, setting myself up for whats inevitable.. GREATNESS. you see???

    Now that the pages have turned Brazil is finally progressing and all signs point UP and the future looks clearer than ever for her citizens.

    I wouldn’t be surprised if you jumped on the bandwagon and invested some of your millions** into Brazil soon, at least you know your money wouldn’t evaporate like it happened to millions of people worldwide during this recession, but I’m sure you moved a little here, a little there, some under your mattress so the government don’t touch it, and today you’re sitting prettier than anyone as the investment opportunities soar worldwide.

    GOOD FOR YOU, SERIOUSLY… but you shouldn’t be so modest, be proud of your wealth*** YOU BALLER**** YOU! I bet you drive a Rolls Royce, huh? Anyways, if you don’t mind doing me a favor, I don’t ask for much..

    STOP comparing yourself to the average Brazilian citizen, it doesn’t look good for such a prominent figure like yourself.

    *buyer be aware..
    **anyone can say they’ve got a fortune, proving it is another thing..
    ***no one is buying it..
    ****you wish old man………………………………

    Leo Bonneville

  • ch.c.

    Osvaldo Coelho
    Dear Idiot,
    1) you should know that Brazilians HATE PROVIDING jobs to foreigners
    2) the unemployment rate in my country despite the world crisis is at 3,5 % ! A LOT LOWER than in your country
    3) even if I would be unemployed, my benefits would be higher than your EMPLOYMENT SALARIES. Sorry for you IDIOT !
    4) in my country, even a shelves filling clerk at a supermarket earns US$ 3600/3800 as a starting salary. What about in your “paradise” ?
    5) It happens that I work as an Indepedent, and work from my home office.
    6) Sorry for you, cheap Brazzero, but alone I do manage OVER US$ 400 millions, With ZERO employees or secretaries or whoever. No doubt that in Brazil this would have generated 20-30-40-50 jobs. This is what idiots like you would call PRODUCTIVITY & EFFICIENCY in your empty mind !
    7) last but not least, even if I would be unemployed NOW, I could retire. No need for Unemployment Benefits. I have accumulated money for a few generations….if you dont mind…..cheap Brazzero !

    Keep working harder….harder…harder, just to get a Higher fraction not of my personal wealth but of the SWITZERLAND AVERAGE GDP PER CAPITA !
    Ratio being currently at about 9 to 1 in actual US dollars !
    Guess in whose favor !
    Better yet, our mortgages rates are at 2,5-2,75 % against 10-12 % in your “SUPER PERFORMING COUNTRY”,
    Car rates at about 4-5 % against about 30 % in your hyper performing country.

    Brazzzzzzzzil has still a looooooooooong wayyyyyyy to go, before even being Clooooooose to my own country, wether you like or not !
    Somewhat funny that my midget country with a population of 7,7 millions…..EXPORTS & IMPORTS….ARE AS BIG…..as Brazzzzzzil the World Best Country with a population of 200 millions ! Hmmmmm !
    If I am not too wrong the ratio, per capita, is about 25 to 1 !
    Guess in whose favor IDIOT !

    Feel free to keep caressing your navel. You truly have an endemic disease !

    And enjoy your OVERDRAFTS rates at well over 150 % ANNUALLY !

    πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰ πŸ˜‰

  • Osvaldo Coelho

    Where is that bugger?
    Where is that bugger who was here always venting his furstration agianst Brazil? I think he is on his way to find visa to work there.

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