The ABCC representatives would like to welcome the following new members and thank you for your support.
Encounter Olives Australia (SA)
Growth Personnel (QLD)
Project Performance International (VIC)
Trade Data International (VIC)
Thursday, 26 July 2007
EVENTS: ABCC Seminars 2007
The ABCC is hosting a series of informative seminars on Business and Investment Opportunities in Brazil during August and September 2007. The seminars will be held in South Australia, Victoria, Queensland and NSW and details are:
Adelaide:
23rd August from 6pm to 8pm – How to do Business with Brazil and Chile (hosted by the ABCC and Australia-Chile Chamber of Commerce, covering import/export, taxes, customs, logistic and legal framework. For information on registration please contact Travis Hallen, SA Representative on: 0421 602685
Melbourne:
30th August from 6pm to 8pm – Venue: Parliament House – Launch of the ABCC with speakers Mr. Bernard Wheelahan (COALAR Chairman, Pacific Hydro Chairman) , Mr. Telmo Languiller MP, Parliamentary Secretary for Multicultural Affairs, His Excellency Ambassador Fernando de Mello Barreto
For more information on registration please contact Leith Wale, VIC Representative on: 0413 774437
Brisbane:
6th September from 6pm to 8pm. Celebration of Brazil’s National day with speakers from CVRD and AMH.
For more information on registration please contact Jonathan Whiting , QLD Representative on 0411 856798
Sydney:
11th September from 5:30pm to 7pm- Venue: NSW Department of State and Regional Development – September Business week
For more information on registration please contact Cristina Talacko on (02) 99090987
ALABC GALA DINNER and Latin American Export Awards
The Australia-Latin America Business Council is hosting its Annual Gala Dinner at The Westin Hotel in Sydney on 19th October from 7pm to 12pm. An evening not to be missed, with Latin music, live entertainment and the presentation of the Latin Export Awards. For bookings contact the ALABC on (02) 9247 4747 or www.alabc.com.au
Adelaide:
23rd August from 6pm to 8pm – How to do Business with Brazil and Chile (hosted by the ABCC and Australia-Chile Chamber of Commerce, covering import/export, taxes, customs, logistic and legal framework. For information on registration please contact Travis Hallen, SA Representative on: 0421 602685
Melbourne:
30th August from 6pm to 8pm – Venue: Parliament House – Launch of the ABCC with speakers Mr. Bernard Wheelahan (COALAR Chairman, Pacific Hydro Chairman) , Mr. Telmo Languiller MP, Parliamentary Secretary for Multicultural Affairs, His Excellency Ambassador Fernando de Mello Barreto
For more information on registration please contact Leith Wale, VIC Representative on: 0413 774437
Brisbane:
6th September from 6pm to 8pm. Celebration of Brazil’s National day with speakers from CVRD and AMH.
For more information on registration please contact Jonathan Whiting , QLD Representative on 0411 856798
Sydney:
11th September from 5:30pm to 7pm- Venue: NSW Department of State and Regional Development – September Business week
For more information on registration please contact Cristina Talacko on (02) 99090987
ALABC GALA DINNER and Latin American Export Awards
The Australia-Latin America Business Council is hosting its Annual Gala Dinner at The Westin Hotel in Sydney on 19th October from 7pm to 12pm. An evening not to be missed, with Latin music, live entertainment and the presentation of the Latin Export Awards. For bookings contact the ALABC on (02) 9247 4747 or www.alabc.com.au
Coal: CVRD exercises option for Belvedere
Companhia Vale do Rio Doce (CVRD) announces the exercise of a call option to acquire a 51% interest in the Belvedere Coal Joint Venture (Belvedere) for US$ 90 million. Subject to the fulfillment of certain conditions, CVRD will pay US$ 45 million to each subsidiaries of Aquila Resources Ltd. (Aquila) and AMCI International AG (AMCI).
Belvedere is an underground coal project in the southern Bowen Basin region of the state of Queensland, Australia. CVRD conducted an exploration study to assess the geological structure, coal resources, product quality and underground mining conditions as well as the potential mining, processing and logistical requirements for the establishment of a multi-long wall mining operation to produce hard coking and PCI coal. The joint venture shall now undertake a feasibility study with respect to the development of Belvedere.
Under the terms of the joint venture agreement executed with Aquila and AMCI, CVRD has a further option to raise its stake in the project up to 100% by acquiring the remaining 49% interest at a fair market value to be determined at the time of the exercising of the option.
CVRD holds minority stakes in Chinese coal companies and is on the way to start the development of Moatize, a large coal project in Mozambique. After acquiring AMCI's Australian assets in the first half of this year, CVRD has coal operations in Australia with capacity to produce 8 million metric tons per year, which may be further expanded in the future with the development of the Belvedere project.
For more information click here and read the article in CRVD website
Belvedere is an underground coal project in the southern Bowen Basin region of the state of Queensland, Australia. CVRD conducted an exploration study to assess the geological structure, coal resources, product quality and underground mining conditions as well as the potential mining, processing and logistical requirements for the establishment of a multi-long wall mining operation to produce hard coking and PCI coal. The joint venture shall now undertake a feasibility study with respect to the development of Belvedere.
Under the terms of the joint venture agreement executed with Aquila and AMCI, CVRD has a further option to raise its stake in the project up to 100% by acquiring the remaining 49% interest at a fair market value to be determined at the time of the exercising of the option.
CVRD holds minority stakes in Chinese coal companies and is on the way to start the development of Moatize, a large coal project in Mozambique. After acquiring AMCI's Australian assets in the first half of this year, CVRD has coal operations in Australia with capacity to produce 8 million metric tons per year, which may be further expanded in the future with the development of the Belvedere project.
For more information click here and read the article in CRVD website
Foreign Direct Investment in Brazil grows 67% this year
The Foreign Direct Investment (FDI) in Brazil should exceed the US$ 25 billion target established by the government for this year. According to foreign accounts figures disclosed by the Brazilian Central Bank (BC), in the 12 months between June and May, the total has already reached US$ 23 billion.
In the accumulated result for the year, up to the end of May, foreign investment has already totalled US$ 10.550 billion. In the same period in 2006, they totalled US$ 6.325 billion, which represents growth of 66.79% this year. FDI is the total amount brought into the country from abroad with the objective of establishing companies, expanding them or establishing share participation in those that already exist.
According to estimates by the joint head of the Economic Department at the BC, Túlio Maciel, the figures consolidated in June, whose report will only come out at the end of this month, should show an accumulated value of US$ 28.5 billion for 12 months. "This result clearly shows the growth tendency of foreign investment in the country, which undoubtedly reflects Brazil's better macroeconomical conditions," explained Maciel.
In June alone, up to the 22nd, the country received 3 billion Brazilian reais in investment. Maciel stated that preliminary figures showed, last week, "substantial entries" of investment, increasing the total FDI in the month to 6.5 billion reais. "This is the best result in the historic series," he explained.
It is still not possible, according to the joint head, to know exactly from where these funds come, as the BC analysis is still being analysed. "The tendency for the second half is that the volume should be even greater."
Maciel has also pointed out that the FDI in the last 12 months is widespread, showing the good performance of several sectors of the economy. "This reflects the variety and diversification of opportunities that the country presents."
The Foreign Direct Investment category is important for the country accounts as it shows that foreign investors are confident in the Brazilian economy and are prepared to take money out of their pocket to invest in long-term projects, like factories, agriculture and livestock, and tourism.
This figure reveals the tendency of consolidation of economic growth in the country, as it attracts investor attention, which helps, internally, develop industry and generate jobs and income. "The country economy presents robust indices in all aspects, and this is favouring the entry of capitals into Brazil," evaluated Maciel.
For more information click here and read the article in ANBA website
In the accumulated result for the year, up to the end of May, foreign investment has already totalled US$ 10.550 billion. In the same period in 2006, they totalled US$ 6.325 billion, which represents growth of 66.79% this year. FDI is the total amount brought into the country from abroad with the objective of establishing companies, expanding them or establishing share participation in those that already exist.
According to estimates by the joint head of the Economic Department at the BC, Túlio Maciel, the figures consolidated in June, whose report will only come out at the end of this month, should show an accumulated value of US$ 28.5 billion for 12 months. "This result clearly shows the growth tendency of foreign investment in the country, which undoubtedly reflects Brazil's better macroeconomical conditions," explained Maciel.
In June alone, up to the 22nd, the country received 3 billion Brazilian reais in investment. Maciel stated that preliminary figures showed, last week, "substantial entries" of investment, increasing the total FDI in the month to 6.5 billion reais. "This is the best result in the historic series," he explained.
It is still not possible, according to the joint head, to know exactly from where these funds come, as the BC analysis is still being analysed. "The tendency for the second half is that the volume should be even greater."
Maciel has also pointed out that the FDI in the last 12 months is widespread, showing the good performance of several sectors of the economy. "This reflects the variety and diversification of opportunities that the country presents."
The Foreign Direct Investment category is important for the country accounts as it shows that foreign investors are confident in the Brazilian economy and are prepared to take money out of their pocket to invest in long-term projects, like factories, agriculture and livestock, and tourism.
This figure reveals the tendency of consolidation of economic growth in the country, as it attracts investor attention, which helps, internally, develop industry and generate jobs and income. "The country economy presents robust indices in all aspects, and this is favouring the entry of capitals into Brazil," evaluated Maciel.
For more information click here and read the article in ANBA website
Energy: Plan estimates investment of US$ 87.7 billion in power generation
The Ten Year Plan 2007/2017, disclosed by the Energy Research Company (EPE), a branch of the Brazilian Ministry of Mines and Energy, forecasts that Brazil will need to invest, during the period, US$ 87.7 billion in power generation and transmission, in order to live up to the economic growth. Out of that total amount, power generation projects should absorb US$ 69.9 billion, and power transmission projects – including the construction of power lines and sub-stations – US$ 17.7 billion.
The survey outlines two possible scenarios regarding the demand for electricity, considering the possibilities of annual economic growth rates at 4.2% and 4.9%.
The forecasts announced by the president at the EPE, Maurício Tolmasquim, indicate that during the next ten years the Brazilian population should increase by 32 million people, reaching 212 million.
For more information click here and read the article in ANBA website
The survey outlines two possible scenarios regarding the demand for electricity, considering the possibilities of annual economic growth rates at 4.2% and 4.9%.
The forecasts announced by the president at the EPE, Maurício Tolmasquim, indicate that during the next ten years the Brazilian population should increase by 32 million people, reaching 212 million.
For more information click here and read the article in ANBA website
Petrobras: Biodisel on an industrial scale
Determined to lead the Brazilian production of biodiesel, Petrobras has begun the construction of three industrial plants, with projected investments of US$ 107 million. The construction of the plants in Candeias (in the state of Bahia), Montes Claros (in Minas Gerais), and Quixadá (in Ceará) will be the responsibility of Intecnial S.A. This engineering company, established in the state of Rio Grande do Sul in the South of Brazil, uses technology developed by the US company Crown Iron Works, one of the world leaders in vegetable seed and oil processing engineering. The goal is to produce up to 171 million liters of biodiesel per year by processing vegetable oils or animal fat, and therefore exerting social and environmental responsibility. Indeed, biodiesel pollutes less than traditional diesel and promotes greater social inclusion by generating jobs and income in the countryside and by encouraging family agricultural ventures.
Thanks to these three new plants, which should come onstream at the end of 2007, the company is broadening its scope of activities on the renewable energy front. In addition, it is working towards the consolidation of the strategy included in the Petrobras 2007-2011 Business Plan, which forecasts the production of 855 million liters of biodiesel per year as of 2011. The great availability of land for the cultivation of oil-rich plants in Brazil, the favorable climate, the fertility of the soil, and the experience acquired over three decades by the Brazilian Alcohol Program (PROALCOOL), an international benchmark for renewable energy, underpin the sustainability of the strategy. This strategy, in turn, is a key factor in establishing Petrobras as an integrated energy company.
Countries such as Germany, France, and the United States already have well-structured programs for the production and use of biodiesel. The Brazilian program was approved in 2004. Law number 11097 establishes goals and timeframes for the introduction of this new fuel into the Brazilian energy matrix and, in 2005, the addition of 2% of biodiesel to all diesel sold in Brazil was authorized by the Federal government. As of 2008, this mixture will become compulsory and the required percentage will be 5%, thereby stimulating further growth of the market.
Production of the fuel on an industrial scale represents savings in oil, speeds up the elimination of the need to import diesel, and enables Brazil to save on foreign exchange. Furthermore, once production is in progress at the three plants, cultivation of the oleaginous crops will guarantee work and income for approximately 70,000 families. Farmers are already setting up cooperatives with a view to joining Petrobras’ chain of suppliers and are organizing plantations in the municipalities in the vicinity of the units. The raw materials initially used will include cotton, castor bean and soybean oils. The unit in Bahia will also use dendê oil, thereby taking advantage of the abundance of this type of palm tree in the state.
Forming partnerships with small and medium farmers will give Petrobras the right to the Social Fuel Label, created by the Brazilian government to motivate industrial producers of biodiesel who purchase raw materials derived from family farms to supply the farmers with technical assistance and to pay them fairly. The label guarantees preferential treatment to industries, by means of special financing terms and tax breaks. In the case of the production of biodiesel derived from the castor bean in the Brazilian Northeast and dendê in the North, for example, manufacturers will be exempted from taxes.
When it comes to the environment, biodiesel also has advantages. After all, its use diminishes greenhouse gases, as well as sulfur and particulate material (black exhaust fume) emissions, at the same time that it improves the lubrication and the power of the engines of vehicles fuelled with the product, as it has a high cetane content. Emissions of greenhouse gases, among which is carbon dioxide (CO2), are reduced by 95%, while carbon monoxide (CO) emissions are reduced by 48% and particulate material and hydrocarbon emissions drop by 47%.
With prospects so favorable, Petrobras is now studying biodiesel production linked to 15 other projects. “In many regions around Brazil, we are analyzing partnership proposals with investors of all sizes, ranging from major economic groups to rural farming cooperatives. Our goal is to produce 855 million liters of fuel in 2011, thereby supplying the Brazilian market, and subsequently to seek out opportunities for export. In this way we will generate foreign exchange, increasingly reduce our impact on the world climate, and promote development in our areas of activity,” concludes Ildo Sauer.
For more information click here and read the article in Petrobras Magazine website
Thanks to these three new plants, which should come onstream at the end of 2007, the company is broadening its scope of activities on the renewable energy front. In addition, it is working towards the consolidation of the strategy included in the Petrobras 2007-2011 Business Plan, which forecasts the production of 855 million liters of biodiesel per year as of 2011. The great availability of land for the cultivation of oil-rich plants in Brazil, the favorable climate, the fertility of the soil, and the experience acquired over three decades by the Brazilian Alcohol Program (PROALCOOL), an international benchmark for renewable energy, underpin the sustainability of the strategy. This strategy, in turn, is a key factor in establishing Petrobras as an integrated energy company.
Countries such as Germany, France, and the United States already have well-structured programs for the production and use of biodiesel. The Brazilian program was approved in 2004. Law number 11097 establishes goals and timeframes for the introduction of this new fuel into the Brazilian energy matrix and, in 2005, the addition of 2% of biodiesel to all diesel sold in Brazil was authorized by the Federal government. As of 2008, this mixture will become compulsory and the required percentage will be 5%, thereby stimulating further growth of the market.
Production of the fuel on an industrial scale represents savings in oil, speeds up the elimination of the need to import diesel, and enables Brazil to save on foreign exchange. Furthermore, once production is in progress at the three plants, cultivation of the oleaginous crops will guarantee work and income for approximately 70,000 families. Farmers are already setting up cooperatives with a view to joining Petrobras’ chain of suppliers and are organizing plantations in the municipalities in the vicinity of the units. The raw materials initially used will include cotton, castor bean and soybean oils. The unit in Bahia will also use dendê oil, thereby taking advantage of the abundance of this type of palm tree in the state.
Forming partnerships with small and medium farmers will give Petrobras the right to the Social Fuel Label, created by the Brazilian government to motivate industrial producers of biodiesel who purchase raw materials derived from family farms to supply the farmers with technical assistance and to pay them fairly. The label guarantees preferential treatment to industries, by means of special financing terms and tax breaks. In the case of the production of biodiesel derived from the castor bean in the Brazilian Northeast and dendê in the North, for example, manufacturers will be exempted from taxes.
When it comes to the environment, biodiesel also has advantages. After all, its use diminishes greenhouse gases, as well as sulfur and particulate material (black exhaust fume) emissions, at the same time that it improves the lubrication and the power of the engines of vehicles fuelled with the product, as it has a high cetane content. Emissions of greenhouse gases, among which is carbon dioxide (CO2), are reduced by 95%, while carbon monoxide (CO) emissions are reduced by 48% and particulate material and hydrocarbon emissions drop by 47%.
With prospects so favorable, Petrobras is now studying biodiesel production linked to 15 other projects. “In many regions around Brazil, we are analyzing partnership proposals with investors of all sizes, ranging from major economic groups to rural farming cooperatives. Our goal is to produce 855 million liters of fuel in 2011, thereby supplying the Brazilian market, and subsequently to seek out opportunities for export. In this way we will generate foreign exchange, increasingly reduce our impact on the world climate, and promote development in our areas of activity,” concludes Ildo Sauer.
For more information click here and read the article in Petrobras Magazine website
Navy: Brazil to invest US500 million in nuclear-powered submarine
Brazil will invest US500 million to revive a long-stalled navy project to build a nuclear-propelled submarine. "We are going to apply the necessary resources to conclude this project," President Lula said at a nuclear research facility in Sao Paulo State.
The project requires US500 million invested over eight years, he said.
A nuclear-powered submarine could patrol the vast waters off Brazil's coastline more effectively, Navy Commander Adm. Julio Soares de Moura has said. Brazil has five conventional submarines.
The navy would use French or German technology for building large powerful submarines and develop a small Brazilian-made nuclear reactor to power the craft, Moura has said.
Lula has publicly defended nuclear energy as a solution to power shortages that could hit Brazil as early as 2009.
"Brazil can afford the luxury of becoming one of the few countries in the world to master the entire uranium enrichment cycle and, from there, I think we will be much more esteemed as a nation," he said on Tuesday.
Brazil does not produce weapons-grade uranium and sends partially enriched uranium abroad for further processing to make nuclear fuel.
With some of the world's largest uranium reserves, Brazil could save money by fully enriching fuel-grade uranium at home.
In June, the government's energy council revived a plan to build the country's third nuclear power reactor along the coast near Rio de Janeiro. The reactor, Angra III, has been on hold for two decades.
The energy minister said at the time that building a third reactor would increase demand for nuclear fuel, making it more cost-effective to enrich uranium in Brazil.
For more information click here and read the article in Reuters website
The project requires US500 million invested over eight years, he said.
A nuclear-powered submarine could patrol the vast waters off Brazil's coastline more effectively, Navy Commander Adm. Julio Soares de Moura has said. Brazil has five conventional submarines.
The navy would use French or German technology for building large powerful submarines and develop a small Brazilian-made nuclear reactor to power the craft, Moura has said.
Lula has publicly defended nuclear energy as a solution to power shortages that could hit Brazil as early as 2009.
"Brazil can afford the luxury of becoming one of the few countries in the world to master the entire uranium enrichment cycle and, from there, I think we will be much more esteemed as a nation," he said on Tuesday.
Brazil does not produce weapons-grade uranium and sends partially enriched uranium abroad for further processing to make nuclear fuel.
With some of the world's largest uranium reserves, Brazil could save money by fully enriching fuel-grade uranium at home.
In June, the government's energy council revived a plan to build the country's third nuclear power reactor along the coast near Rio de Janeiro. The reactor, Angra III, has been on hold for two decades.
The energy minister said at the time that building a third reactor would increase demand for nuclear fuel, making it more cost-effective to enrich uranium in Brazil.
For more information click here and read the article in Reuters website
Uranium: Brazil's CVRD joins Australia Uranium Project
Dioro Exploration NL of Australia and CVRD have signed a deal to explore two Uranium projects in Western Australia.
The farm-in deal marks the first time CVRD has ventured into Uranium exploration, just when Brazil has decided to resume its nuclear power plant program and complete a long-stalled third nuclear reactor project.
Brazil has the world's sixth-biggest Uranium reserves, and CVRD, along with other miners, has been trying to get Uranium exploration concessions from the government, which now has a monopoly in the sector.
CVRD would spend 4 million Australian dollars ($3.5 million) on exploration of the Kunderong and the Kennedy projects in the next four years, giving the Brazilian company the right to 60 percent of Uranium on site.
Demand for Uranium has been growing in the world as concerns about global warming increase the appeal of nuclear power.
For more information click here and read the article in Reuters website
The farm-in deal marks the first time CVRD has ventured into Uranium exploration, just when Brazil has decided to resume its nuclear power plant program and complete a long-stalled third nuclear reactor project.
Brazil has the world's sixth-biggest Uranium reserves, and CVRD, along with other miners, has been trying to get Uranium exploration concessions from the government, which now has a monopoly in the sector.
CVRD would spend 4 million Australian dollars ($3.5 million) on exploration of the Kunderong and the Kennedy projects in the next four years, giving the Brazilian company the right to 60 percent of Uranium on site.
Demand for Uranium has been growing in the world as concerns about global warming increase the appeal of nuclear power.
For more information click here and read the article in Reuters website
Aircraft: Brazil business jet market soars as economy grows
The market for private jets and helicopters in Brazil should grow close to 10 percent annually in the coming years as the economy takes off, offering lucrative business opportunities for aircraft manufacturers, the local industry association said.
A continent-sized, Brazil has long been a country where private planes are crucial to doing business. Now, as the economy gains steam and an agricultural boom generates business far away from the country's industrial hubs, demand for small aircraft is growing at its fastest pace in decades.
Already the world's third-largest market for business aircraft after the United States and Canada, Brazil boasts a fleet of about 1,500 private jets, turbo-prop planes and helicopters -- a common form of transportation for executives in traffic-clogged cities like Sao Paulo.
The aviation association expects the fleet to expand by about 150 aircraft annually over the next three years, reaching 1,950 in 2010. That would likely generate between $400 million and $500 million annually in private aircraft sales in Brazil in that period, according to industry estimates.
For more information click here and read the article in Reuters website
A continent-sized, Brazil has long been a country where private planes are crucial to doing business. Now, as the economy gains steam and an agricultural boom generates business far away from the country's industrial hubs, demand for small aircraft is growing at its fastest pace in decades.
Already the world's third-largest market for business aircraft after the United States and Canada, Brazil boasts a fleet of about 1,500 private jets, turbo-prop planes and helicopters -- a common form of transportation for executives in traffic-clogged cities like Sao Paulo.
The aviation association expects the fleet to expand by about 150 aircraft annually over the next three years, reaching 1,950 in 2010. That would likely generate between $400 million and $500 million annually in private aircraft sales in Brazil in that period, according to industry estimates.
For more information click here and read the article in Reuters website
Opportunities in the Brazilian defense market
Even taking into consideration the modest level of resources dedicated to defense acquisitions, Brazil offers some good business opportunities. Those foreign defense industries that are keen enough to perceive them and understand the very specific and extremely complex context in which they are generated may get good results.
Acquisition programs for defense equipment tend to go along at a much slower pace than what is normal in some other parts of the world. To do business with the Brazilian Armed Forces, one must be prepared for long and much disputed campaigns. Having a local office or a good and trusted local representative, with extensive contacts and a clean record, is very helpful. Indeed, most of the time this could be considered as a “sine qua non” condition. I hope S&D’s publishers do not get upset (after all, it is for a good cause) if the author borrows for use here the phrase used in the magazine’s own advertisements abroad, slightly changing it from “Insiders know better!” to “Locals know better!”. In all probability, this is truer in Brazil than anywhere else. Of course, in common with practically all other countries in the world, foreign companies must also engage the full support of their countries’ ambassadors, defense attachés and chambers of commerce.
One of the keys to the Brazilian defense market is to be on the alert even when nothing seems to be happening, taking advantage of this “dead” time to act in such way as to be in a better position than other competitors when the wheels start rolling. A good example of that is the Memorandum of Understanding (MoU) recently signed by EADS with Imbel, a company owned by the Brazilian Army and which produces explosives, communications equipment, etc. We will go deeper into this specific MoU further on, when covering the needs of the Army. It was a brilliant move on the part of EADS. It cost nothing, and can bring important returns.
For more information click here and read the complete article in Seguraca & Defesa Magazine website
Acquisition programs for defense equipment tend to go along at a much slower pace than what is normal in some other parts of the world. To do business with the Brazilian Armed Forces, one must be prepared for long and much disputed campaigns. Having a local office or a good and trusted local representative, with extensive contacts and a clean record, is very helpful. Indeed, most of the time this could be considered as a “sine qua non” condition. I hope S&D’s publishers do not get upset (after all, it is for a good cause) if the author borrows for use here the phrase used in the magazine’s own advertisements abroad, slightly changing it from “Insiders know better!” to “Locals know better!”. In all probability, this is truer in Brazil than anywhere else. Of course, in common with practically all other countries in the world, foreign companies must also engage the full support of their countries’ ambassadors, defense attachés and chambers of commerce.
One of the keys to the Brazilian defense market is to be on the alert even when nothing seems to be happening, taking advantage of this “dead” time to act in such way as to be in a better position than other competitors when the wheels start rolling. A good example of that is the Memorandum of Understanding (MoU) recently signed by EADS with Imbel, a company owned by the Brazilian Army and which produces explosives, communications equipment, etc. We will go deeper into this specific MoU further on, when covering the needs of the Army. It was a brilliant move on the part of EADS. It cost nothing, and can bring important returns.
For more information click here and read the complete article in Seguraca & Defesa Magazine website
Beef: Brazil´s fertile pastures have helped boost beef output to 9 million tons.
Read this interesting article By Jonathan Wheatley, Financial Times (USA) about Brazilian beef producers.
For more information click here and read the article in LA Times website
For more information click here and read the article in LA Times website
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