• Categories
  • Archives

Brazil Lula’s Biofuel Boosting Tour Takes Him to Spain

Brazilian president Lula and Spanish counterpart Zapatero Brazilian President Luiz Inácio Lula da Silva arrived this weekend in Spain where beginning Monday, September 17, he has a heavy schedule of political and economic meetings. He is in search of more investments  from Madrid.

On Monday Lula and his delegation of top officials from Brazilian government and private companies, will open a trade and investment forum with the cream of Spain's business and financial community.

The forum is in the framework of the Growth Acceleration Program announced by Lula when he was re-elected last year and is based on massive infrastructure investment to ensure 4% to 5% annual growth of the Brazilian economy.

"The idea is to generate a second wave of Spanish investments in Brazil", said a top official from the delegation. Spain, which until the early nineties virtually had no investments in Brazil, has become the second foreign investor behind the United States, totaling an estimated US$ 35 billion.

But the Brazilian president is also interested in political talks with president José Luis Rodriguez Zapatero and cooperation in several areas of Latin America to ensure political stability, with particular emphasis in Bolivia and Ecuador that have become "turbulent" areas for foreign investors particularly in the oil and gas industry.

The Brazilian president arrived in Madrid from a six day visit to Scandinavian countries, the first ever by a Brazilian leader. Lula has visited Finland, Sweden, Denmark, and Norway, always promoting the use of biofuels. Brazil is the world's biggest ethanol exporter.

Brazil and Spain are also scheduled to sign several bilateral agreements on energy cooperation, mainly bio-fuels and promotion of scientific activities.

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Your email address will not be published.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 MST’s Chief: ‘We Must Defeat Serra, Who Represents Bourgeoisie and Neoliberalism’

For João Pedro Stédile, of the MST’s (Landless Movement) national leadership, Dilma Rousseff’s victory ...

Killing and Torture by Police Still Widespread in Brazil

In its latest periodic review of Brazil, international organization Human Rights Watch, whose mission ...

Leprosy Still a Plague in Brazil

Brazil is second, after India, for the total number of cases of leprosy in ...

Equatorial Guinea Opens Embassy in Brazil

Brazil’s Minister of Foreign Relations, Celso Amorim, met with the Foreign Minister of Equatorial ...

Brazil Prints a Primer After 3,000 Brazilians Are Barred from Entering Europe

Concerned with the embarrassing situations Brazilians may face when they arrive in Europe and ...

Brazil’s Lula Listens to the Left and Vows to Turn Crisis Around

Pressured from all sides and even threatened with possible impeachment, Brazil’s President Luiz Inácio ...

Multinationals Boycott Soy from Brazil’s Deforested Amazon

In a significant development for rainforest protection, Greenpeace and major UK food companies have ...

Brazil’s Falling Industrial Production Dampens Market

Latin American markets followed a similar pattern to yesterday, as Brazil and Mexico slumped, ...

Flower Power

Even after having been contacted by the women who found themselves pregnant while taking ...

Risk Brazil Higher than Argentina’s Risk Rating

For the first time in five years investment bank JP Morgan country risk list ...