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Brazilian ports present abundant opportunities |
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 With exports tripling in the last decade, Brazilian sea ports have embarked on an aggressive development plan which opens more opportunities for foreign investment. According to Brazil Now (November 2008), Brazil’s total trade jumped from US$108 billion (S$ 157 billion) to an estimated US$400 billion from 1998 to 2008. In order to handle the trade boom, Brazilian sea ports which handle 95per cent of the country’s trade by volume and 85 per cent by value, have embarked on a national investment and development plan . At the same time US$31.3 billion of investments will be implemented to develop the country’s ports, airports, highways, railroads and waterways to promote greater integration within the country. For its part, the Brazilian federal government has made the rules in the ports sector more flexible with the recent publication of Decree 6,620,which allows Brazilian and international private companies to build and operate new public ports under concession.Helping companies tap on Brazil’s opportunities in order to help Singapore companies tap on the growing opportunities in Brazil, IE Singapore and the Embassy of Brazil jointly organised a half-day seminar, “Business Opportunities in Brazil’s Port Sector” on 25 May 2009. The seminar was led by Brazil Ports Minister Pedro Brito whose team of industry and market experts highlighted and shared with participants the business and trade opportunities in Brazil’s ports. Among the presenters were representatives from Santos Port, Latin America’s busiest and largest port, Brazil’s National Water Transportation Agency (ANTAQ) and SUAPE Port and Industrial Complex. Speaking at the seminar, Ms Kathy Lai,Assistant CEO for IE Singapore said, “I am confident that Singapore companies have much to offer towards building, equipping and maintaining world-class seaports and logistic nodes in Brazil.” Between 2003 and 2008, bilateral trade between Brazil and Singapore has grown more than four folds with Brazil being Singapore’s 2nd largest trading partner in Latin America today. IE Singapore’s Overseas Centre in Sao Paulo has also observed increased interest in the Brazilian market.Currently, there are over 25 Singapore companies in Brazil performing a myriad of economic activities ranging from services to the maritime sector to trading commodities. |
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Seminar on opportunities of the oil & gas sector in Brazil |
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 (16/04/09) Under the sponsorship of I.E. Singapore, Petrobras and BNDES bank, we saw the holding today of a great successful event at the Intercontinental Hotel, the Seminar “Business Opportunities in Brazil’s Oil & Gas Sector”. The event was aimed particularly at drawing investments schedules until 2013 for the oil exploration into the pre-salt layer along the coasts of the States of Espírito Santo, Rio de Janeiro, São Paulo, Paraná and Santa Catarina, encompassing 112,000 km². The event counted, among those present, about 200 Singaporean representatives of the various sectors interested in prospective partnerships: offshore exploration and production – industrial technology, research, supply of equipment, building of vessels as platforms for production and storage (FPSO), etc. The Brazilian delegation presented, among other executives the executive director for finance from Petrobras, Mr. Almir Barbassa accompanied by the executive director for services, Mr. Renato Duque, and the Seminar included the participation of representatives from Petrobras, Prominp, BNDES, the SINAVAL association and Keppel Shipyard. For this first phase of exploration, in the period 2009/2013 the financing shall capture resources of about US$174 billion, of which 91% shall be funded by Petrobras and 9% (about US$16.2 billion) shall be open to international financing. |
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TRADE MISSION FROM THE STATE OF SANTA CATARINA VISITS SINGAPORE |
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 (18/03/09) In Singapore from 31 March to 3 April there will be the visit of a mission from the Federation of Industries of the State of Santa Catarina – FIESC (http://www.fiescnet.com.br),, headed by the President of the entity, Mr. Alcântaro Corrêa, with the aim of advertising the progress of the industrial park of that State, as a prospective destination of investments in ports/airports logistics and in infocomm and e-government, as well as exporter of high-technology products, foodstuff and timber/wood-industry products. Santa Catarina contributes further with the majority of the pork and chicken consumed in Singapore. A company from Santa Catarina, Weg Indústrias, manufacturer of electric motors and related electric systems, maintains a branch in Singapore. Moreover, three companies from Santa Catarina, in the furniture line, participated successfully in the "International Furniture Fair Singapore“ in March of this year (http://www.iffs.com.sg). |
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Pictures: Courtesy of EMBRATUR, Ministry of Social Development, Embrapa, Embraer, Petrobras and UNICA. Powered by:  |
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