Investing in Brazil Is Investing in South America, Says Lula

Talking in São Paulo, where he took part in the Brazil & Partners: Investment Opportunities meeting, Brazilian President Luiz Inácio Lula da Silva pointed out that investing in Brazil is also a way to invest in South America.

Addressing an audience of investors from 28 countries, Lula considered that South America is undergoing an integration process and mentioned various projects underway in the region, such as the construction of bridges, natural gas pipelines, hydroelectric plants, and highways between countries.

"We are carrying out one of the 21st century’s most important continental integration projects in the world."

He went on to say: "Investing in Brazil nowadays, unlike in the past, also means participating in a virtuous cycle of projects and opportunities hitherto absent in the formation of the region."

Lula said that Brazil spurns any attempt at hegemonic leadership in the integration process.

"Our optimism is based on the firm ground of studied decisions and a victorious process. We are making a benign transition from a past marked by stagnation to a cycle of genuine economic and social development."

ABr

Tags:

Ads

You May Also Like

Brazil’s Informal Market Is Up, But Sector’s Income Is Down

Between 1997 and 2003, the number of informal companies in Brazil went up from ...

Iran’s Defiance Cools Down Brazilian Bulls

Latin American markets were mostly higher, with Brazilian stocks edging up, as continued optimism ...

Paradise Guardians

Capão is a bird watcher’s paradise. Ocelot, puma and jaguar still roam freely. The ...

Brazil: Rocinha Shantytown Goes to War

In Rocinha, Rio de Janeiro, the largest favela in South America, teachers at local ...

Egypt Upbeat About Getting Closer to Brazil and Mercosur

The Egyptian Foreign Trade deputy minister, Achraf El Rabie, said that there are great ...

In Latin America U.S. Military Is the Problem Not the Solution

Pax Americana has got problems – not just in the Middle East and East ...

RAPIDINHAS

Brazil and all other nations that speak Portuguese are once again bracing for an ...

High Inflation Doesn’t Deter Bulls in Brazil

Latin American stocks were mixed to higher, with Brazilian stocks advancing, as signs of ...

Brazil: Ronaldo and Lula Put an End to “You’re-Fat/You-Drink-Too-Much” Spat

Brazil’s sports minister visited the team’s training camp on Saturday carrying a message from ...

Brazil to Open Distribution Centers Overseas. Miami Is First.

Next year, Brazil is going to start opening distribution centers for Brazilian products on ...