• Categories
  • Archives

Brazil Uses Central America as Springboard to US

There is a very simple reason for Brazil’s interest in making investments in Central America: it can be used as an export platform for the US and European markets.

The government will formally inaugurate an investment incentive program for Central America and the Caribbean (Programa de Incentivo aos Investimentos Brasileiros na América Central e Caribe) (Pibac). at the Brazil-Central American Integration System summit in Guatemala on September 12 and 13, which will be attended by President Luiz Inácio Lula da Silva.


The Pibac is being rolled out against the backdrop of the recent trade treaties between the US and Central America/Caribbean, known as CAFTA. In January 2006, when CAFTA goes into effect, 99.8% of the region’s exports will have a zero import tariff for the US market.


“Brazil continues to be interested in the Americas Free Trade Agreement (FTAA), but while it is still in the pipeline, we will take advantage of CAFTA to achieve market access,” explains Mário Vilalva of the Foreign Ministry’s Commercial Promotion Department.


Meanwhile, in Brazil the Pibac will get to work educating the Brazilian export community on the advantages of internationalization.


“In the case of Central America, Brazil can be competitive in the area of capital goods. So, the idea is to invest in order to make capital goods there, and then export them,” explained Vilalva.


Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Unemployment Stays at 9.6% for Five Months in a Row

Approximately 1.5 million new registered, on-the-books, jobs were created in 2005 in Brazil, according ...

Everyone Is Looking for the Real Brazil. We Found It!

As many of us care to escape the lifestyles and places where we live ...

Employment in Brazilian Industry Falls Slightly

The employment rate in the Brazilian industry increased 2.8% in February, in comparison to ...

40 Million Brazilians Have No Water to Drink

“It behooves us to remember that 40 million people in the country today do ...

Only 10% of Brazilians Belong to a Co-op. This Rate is 40% in Rich Countries.

More than 6.7 million associates, 7,500 organizations and a production that corresponds to 6% ...

Family Members of Brazil’s Air Tragedy Insist US Pilots Turned Off Transponder

The American pilots who operated the Brazilian-made executive jet that collided with a Boeing ...

Advertising

Advertising in Brazzil Magazine We don’t sell popups, but we have several other formats.  ...

200,000 Federal Workers Go on Strike in Brazil

Brazil’s Ministry of Planning, Paulo Bernardo, declared that the government intends to centralize negotiations ...

Rio Favelas Are Hurting the Brazilian Army

Rio’s favelas are not good for the Brazilian army. Conflict resolution is not the ...