Brazil and Ecuador Talk Business

Today President Luiz Inácio Lula da Silva arrives in Ecuador for talks with president Lucio Gutierrez on technical cooperation agreements in the areas of health, telecommunications and energy. The Brazilian Development Bank (BNDES) will make financing totalling US$ 243 million available for a hydroelectric project in that country.

Ecuador also seeks other loans for airports in Quito and Tena, and another hydroelectric project. Those three projects are worth US$409 million.

Brazil may also assist in modernizing management practices in the Ecuadorian state-run petroleum firm, Petro Equador, and the telecommunications sector.

According to íŠnio Cordeiro, director of the South America Department at the Brazilian Ministry of Foreign Relations, Brazil also wants to boost trade with Ecuador. “We are studying ways to help them export more to Brazil,” explains Cordeiro.

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Your email address will not be published.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

Brazilian Army Frees Kidnapped Haitian Officer

As the United Nations mission battled attacks and abductions in Haiti’s capital, Port-au-Prince, a ...

Brazilian Baby Abandoned in Lake Gets Too Many of Would-Be Adoptive Parents

Doctors released a 2-month-old girl from a hospital "in perfect health" Monday, January 30, ...

For Brazil EU’s Approval of Green Directive Is Signal World Has Been Waiting For

Brazil's sugarcane industry is applauding the approval by the European Parliament of the Renewable ...

Brazil Joins 21 Other Poor Countries to Cut Import Tariffs

Brazil together with 21 other developing countries signed this Wednesday, December 2, in Geneva, ...

Brazil Cries for Its Last Caudillo

Leonel Brizola’s position as one of Brazil’s leading political leaders over the past 50 ...

Brazil Ready to Impose Sanctions on China

Imports from China have risen an average 57% in general, and up to 70% ...

Brazil’s Ethanol Won’t Substitute Oil at Least for Three Decades

Petroleum, which accounts for 43.1% of the Brazilian energy matrix, will continue as the ...

Prowling in Rio

Those women dressed in tight clothes are now sambaing, vigorously. The whole place has ...

Brazil’s Lula Says He Is Creating 12 Times More Jobs Than Cardoso

In another interview for radio stations on Wednesday, December 7, (the third in a ...

Brazil Reduces Growth Forecast in Half to 0.9%

For the third quarter in a row, the economic staff has reduced the official ...